Earlier this year
Lord Davies recommended in his report
Women on Boards that executive search firms should prepare a voluntary code of conduct addressing gender diversity and best practice with regard to search criteria and processes relating to FTSE350 board appointments. Last Friday, a voluntary code of conduct was published containing 7 best practice principles: see
here (
pdf). With regard to the use of quotas to increase the proportion of women on boards, the current edition of
The Economist contains an article - see
here - reporting on developments across Europe including a new law in France and a
vote earlier this month in the
European Parliament.
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