Kay Swinburne, a member of the European Parliament and a co-ordinator on the Economic and Monetary Affairs Committee, said: “There is a firm belief in the corridors of power within the European Commission that, rightly or wrongly, lack of diversity at board level exacerbated the financial crisis.
They will need to be convinced that change is happening and quickly enough. If there isn't a genuine shift in the next few years, then the EU will impose a quota."
