European Employment Law Update — women on boards: UK
The UK government supports the European Commission’s decision not to impose mandatory quotas; it favours a self-regulatory national level approach. In February 2011, the Davies Review of ‘Women on Boards’ was published; the key recommendation was a target for FTSE 100 companies of a minimum of 25 per cent female representation on boards by 2015. Annual reports are issued, tracking progress against the recommendations in the review. The current figure for women on boards in the FTSE 100 stands at 20.4 per cent.
One of the initiatives from the Davies Review was a voluntary code of conduct for executive search firms, setting out minimum diversity requirements for headhunters and aiming to increase the number of women on boards. A report published last week on the progress of the voluntary code calls for greater transparency in the recruitment industry and for executive search firms to publish data on the number of women put forward for board roles.
The Charlotte Sweeney report’s recommendations include…
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