How quotas can make leaders out of girls

One of the biggest challenges to women achieving boardroom success is overcoming the obstacle in their own minds. Quotas could help do that, says Merryn Somerset Webb.

It is International Women's Day today. So it should be no surprise to those who follow this kind of thing that the issue of whether we should force companies to up the number of women on their boards by enforcing quotas is back on the agenda again. I've been over at the BBC debating the matter on World at One with Virginia Bottomley. I suspect most people would have me down as being anti-quotas. I can see why.

First, there has been significant movement in the last year: around 25% of the new appointments to boards have been women. Second, there is a risk that quotas willmean that women who aren't quite up to the job will end up on boards, something that is no help to anyone. Third, that a small group of women who are up to the job and on the circuit will end up on too many boards: they'll become a kind of girls' club inside the old boys' club.

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Merryn Somerset Webb
Former editor in chief, MoneyWeek