July 2, 2014
Executive search firms launch new code of conduct to support women on boards
An Enhanced Code of Conduct for executive search firms to support more women appointments to FTSE 350 boards has been announced by Business Secretary Vince Cable. Over 70 firms signed up to the original voluntary code of conduct launched in 2011. In response to the independent Sweeney review in February 2014, the search industry has now developed a new Enhanced Voluntary Code of Conduct, which builds on the terms of the standard voluntary code and is intended to recognise the efforts of search firms working to build the pipeline of FTSE board directors of the future. The Code was drawn up by the search firms themselves working with the Davies Steering Group. It contains 10 new provisions, from launching initiatives to support aspiring women to sharing of best practice and running awareness programmes within their own firms. More →