On 13 November 2012 peers took part in a debate called by Conservative peer Baroness O'Cathain on EU proposals to increase gender diversity on company boards.
Lady O'Cathain chairs the Lords Internal Market, Infrastructure and Employment EU Sub-Committee.
The committee produced a report that said mandatory quotas for the number of women on EU boards would "generate negative perceptions amongst women and business leaders and would not address the root causes of inequality".
The report, titled Women on Boards, agreed there was a leadership role for the EU in furthering increased equality in the boardroom but that quotas would "risk setting back voluntary efforts without achieving broader gains".
The EU is expected to announce legislation to tackle corporate gender inequality this month.