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<p>I am delighted that we exceeded Lord Davies’s target of 25% women on boards of
the FTSE 100 last year. However, we know that there is more to be done, and we will
support and promote Lord Davies’s recommendation for a business-led 33% target for
FTSE 350 boards by 2020. That’s why we’ve appointed Sir Philip Hampton, Chair of GlaxoSmithKline,
and Dame Helen Alexander, Chair of UBM plc, as Chair and Deputy Chair of a new review
which will focus on increasing the number of women in the executive layer of the FTSE
350.</p>
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