Business
UK To Consider Quota For Female Directors
Leading British companies could be given two years to increase the number of female directors or face quotas as part of a government review looking to increase the number of women sitting on company boards.
The proposal is among several measures being considered by a government panel looking into why there are so few women on the board of UK-listed companies.
The panel, headed by former trade minister Mervyn Davies, will meet later on Monday to debate its final recommendations in a report to be published shortly, a spokesman for the Department of Business said.
Countries across Europe are considering quotas to tackle the low numbers of women in company boardrooms.
Deutsche Bank CEO Josef Ackermann has faced criticism in Germany after joking that the inclusion of women on the bank’s all-male executive board would make it “more colourful and prettier”.
Female directors take up just 135 of the 1,076 directorships on boards of FTSE 100 companies in Britain, according to a report by Cranfield School of Management.
Angela Ahrendts, of fashion group Burberry, Alison Cooper at Imperial Tobacco, mining company Anglo American CEO Cynthia Carroll and long-serving Pearson boss Marjorie Scardino are some of the few women to make it to the top of UK-listed companies.
Statutory quotas are just one of a raft of measures being considered.
Other proposals include voluntary targets, as well as creating an academy of company chairmen to mentor female executives to take up boardroom positions.
The review is also examining why women may be put off taking up directorships and is considering more transparency for recruiters and headhunters when looking for people to fill boardroom positions.
The Institute of Directors (IoD), an independent body representing senior company figures, opposed quotas in its submission to the panel.
“We simply think that boards and shareholders should be able to form a board based on the merits of an individual and the requirements of the company,” said Roger Barker, head of corporate governance at the IoD.
The IoD said there was no “quick-fix solution” to a complex problem, but that companies could cast their nets wider when appointing non-executives, rather than just relying on figures with executive experience.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Sports5 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports5 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports5 days ago
NPFL club name Iorfa new GM
-
Sports5 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports5 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports5 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports5 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics4 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension