CBI response to Government gender pay gap announcement
Katja Hall, CBI deputy director-general, said, “Lord Davies’ successful voluntary approach demonstrates the value of encouragement as opposed to using the law.
"Businesses recognise the value of having a diverse board that reflects society and their customers. That is why we have reached this important milestone on time.
“But we must not let our guard drop. Progress has relied on making sure new appointments are diverse, and this must continue as women appointed since the Davies report begin to end their terms on boards and replacements are sought.
“Addressing the gender pay gap is the right priority – and we should set a target for reducing it. While we believe publishing pay gap data could be misleading, we will work with the Government to ensure that rules on what is published are flexible enough to be relevant to each company.
"To see real progress, however, we need to challenge occupational stereotypes by encouraging more women into male dominated industries and investing in careers advice.”