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David Cameron is currently pondering the age-old question: Would the world be a better place if women were in charge?
Cameron warned that the lack of women in boardrooms is curtailing Britain's economic recovery, saying he will not "rule out quotas" when it comes to getting women on boards. He is currently attending the Nordic-Baltic Summit in Sweden to learn about how countries like Norway and Iceland successfully introduced quotas to increase the number of women in boardrooms.
"The evidence is that there is a positive link between women in leadership and business performance, so if we fail to unlock the potential of women in the labour market, we're not only failing those individuals, we're failing our whole economy," Cameron said before the summit last night.
Cameron also said he wanted to boost numbers "preferably without having quotas" - 30% was the likely target he was hoping for - but would not rule them out if necessary. One in 10 of Britain's firms still have all male boards, and after a government-commissioned review last year, the proportion of female directors at FTSE 100 companies has risen from 12.5% to 15%.
While we'd love to see more women in high-powered positions, would women want to have their jobs to fill a quota? Just because it's worked for Iceland and Norway, does it mean it would work in Britain?
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