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Corporate governance: Lord Davies’ final report on women on boards

On 29 October 2015, the steering group of the Women on Boards Davies Review published its final report, “Improving the Gender Balance on British Boards”.

At 1 October 2015, there were no male-only boards in the FTSE 100 and women held 26.1% of board positions in those companies, compared to 12.5% in February 2011.

Nick Rowe, employment solicitor and head of employment law at Lodders’ Cheltenham office, explains: “The steering group does not believe quotas are warranted. Work by the executive search community to develop its standard voluntary code of conduct and the enhanced code of conduct has been a key driver of progress on gender diversity in the boardroom. However, the investor community has responded only moderately well to the drive for female board representation. Nomination committees and search firms should cast their net beyond the corporate sector and professional services firms when searching for potential candidates for board appointments. Work still needs to be done to increase the number of women holding executive positions (currently 9.6% within the FTSE 100).”

Lodders’ employment solicitors offer accurate, focused and solution-based legal advice from our offices in Stratford upon Avon and Cheltenham to a wide range of clients, who require assistance with the complexities of employment law. For help or advice please contact Nick Rowe on 01242 229096 or drop him an email.

Nick Rowe, Lodders Solicitors

Nick Rowe, Lodders Solicitors

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