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Mike Wood: Mandatory reporting requirements are an important step in eliminating the gender pay gap, but does my hon. Friend agree that it will be key for shareholders and customers, as well as employees, to hold businesses to account on those reports?
Victoria Atkins The Parliamentary Under-Secretary of State for the Home Department, Minister for Women
My hon. Friend has hit the nail on the head when it comes to cultural change. I very much hope that women employees and shareholders are looking at the performance of their companies and asking themselves, “Is this how we want this company to behave?” Let us be clear: more than 10,000 businesses have been having a conversation about this issue at board level in a way they simply would not have been a year ago. I am keen that we look at this not just in terms of regulations, but in terms of cultural change and cultural ambition.