A new Enhanced Voluntary Code of Conduct for executive search firms builds on a 2011 version set up in the wake of Lord Davies' Review of Women on Boards. The Review set a target of 25% female representation on FTSE 100 boards by 2015.
Under the new beefed up version, firms signing up to the Code – and receiving recognition as a result – will have to provide evidence to the Davies Steering Group that they achieved targets including:
- supporting the appointment of at least four women to FTSE 100/250 boards over the previous year
- achieving at least 33% female appointments in their FTSE 100/250 recruitment
- providing support to women to achieve their first FTSE 350 board appointments
The BIS announcement also confirms that there are now no all-male boards remaining in the FTSE 100.