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.
Wednesday, 9 November 2016
UK: Hampton-Alexander Review of women on boards - report and recommendations published
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.
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