The Executive Search community got together in 2011 and drew up their own Voluntary Code of Conduct to support their clients in improving the gender balance on their boards. Boyden are signatories to the Hampton Alexander Code of Conduct which focuses on improving gender and ethnic diversity by incorporating best-practice requirements for all search firms working on FTSE 350 Board appointments.
Boyden in addition to this, champions diversity and inclusion across all protected characteristics and works with clients to achieve this across all senior leadership appointments.
The Hampton-Alexander Review and the Parker Review have provided important benchmarks of the progress that has been made to date for both racial and gender equality in the UK’s biggest companies. The Hampton Alexander review target of 33% representation of women on FTSE 350 boards by the end of 2020 has been achieved, however it evidences that there is still a gap in balance across the highest executive roles, such as CEO's and Chairs.
The latest Parker review which called on FTSE 100 companies to appoint at least one ethnic minority director to their board by the end of 2021 – in an initiative entitled One by 2021, reports that although progress has been made there is still much more work to do in ethnicity representations.
We all have a role to play and cannot stand still. Businesses must keep challenging themselves to use all of the talent of their workforce and beyond to open up all senior leadership and Boyden continues to work with clients to achieve this which will become a vital part of the UK’s COVID-19 recovery.
So we will continue to ensure conscious actions and decisions are questioned, diversity of senior leadership and boards questioned, and challenges made to ensure there is positive and true inclusivity in terms of opportunity.
So do join us to #DisruptTheNorm - to make sure that no one is left behind!
https://ftsewomenleaders.com/