Bye bye to old boys’ clubs? Increasing representation of women on boards
The campaign to increase the representation of women on the boards of public companies reached a significant milestone recently.
In 2011, the Lord Davies review set a target of 25 per cent female representation on the boards of quoted companies to be achieved by 2015. The government has adopted an approach of encouraging companies to increase the gender diversity of their boards on a voluntary basis, rather than imposing set quotas. New reporting requirements in the UK Corporate Governance Code oblige quoted companies to include in their annual reports a statement of their policy on diversity, including gender. In addition, changes made to the narrative reporting regime mean those companies must also disclose details of their boards, senior management and wider workforce broken down by gender…
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