The comments made by Jo Swinson, the then Women and Equalities Minister, on 31 October 2012.
What women need is confidence, not quotas. So rather than telling companies what to do, we’re encouraging them to see the real business benefits of taking voluntary action. Our approach is beginning to pay off. We have already seen the biggest ever jump in the number of women on boards and it doesn’t stop there. Many of the UK’s leading companies are now reporting on gender equality throughout their workforces under our Think, Act Report scheme and the Women’s Business Council is investigating how to help remove barriers to female success. This ongoing work will help even more women rise to the top and give the economy a real boost.