Wednesday, 9 November 2016
A report was published today by the Hampton-Alexander Review team: see here (pdf). Several recommendations - endorsed by the Government - were made including that FTSE350 companies should aim for a minimum of 33% female representation on their boards by 2020. It is also recommended that FTSE100 companies should aim for a minimum of 33% female representation across their Executive Committee and in the Direct Reports to the Executive Committee by 2020. The Financial Reporting Council has welcomed the report's publication - one of the review's recommendations was directed at the FRC - and added that "[in the] light of the current public debate on corporate governance, we stand ready to revise the UK Corporate Governance Code following the Government consultation": see here.