In the UK, a quota was imposed following the 2011 publication of the Davies Report, which set a target of 25% females on FTSE 100 Boards by 2015 – which was achieved. The subsequent Hampton-Alexander Review (both INSEAD alumni) upped the target to 33%, but, more importantly, reinforced the Davies’s aspiration to drive such targets deep into the FTSE 350, with a focus on the development of a pipeline of women leaders destined for the executive committee.
Anniversaries are useful markers, and even the happiest ones offer potential for both celebration and review. The wisdom of Sir Adrian Cadbury, who provided the basis for the UK’s Corporate Governance Code, has served us exceedingly well.
An article by Advanced Boardroom Excellence for the LexisNexis Company Secretary’s Review, Vol 38, No. 16, Published on 19 November 2014
In this article Helen Pitcher from Advanced Boardroom Excellence considers the need for diversity in the executive pipeline, and the important role played by non-executive directors.
As we consider the future of boards and reflect on past failings and misadventures it is important to remind ourselves of the capabilities and skills that non-executive directors (“NEDs”) are designed to bring to a company.
