Connecting to LinkedIn...


AER welcomes proposed changes to UK Corporate Governance Code

AER welcomes proposed changes to UK Corporate Governance Code

The Association of Executive Recruiters (AER), the REC’s specialist sector group for executive search and selection consultancies, has responded to the Financial Reporting Council’s Consultation on Diversity on Boards by welcoming the proposed changes.

The consultation is a result of Lord Davies’ recommendation in his recent review 'Women on Boards' that the UK Corporate Governance Code should be revised to require listed companies to establish a policy on boardroom diversity, which includes measurable objectives, and to disclose an annual summary of the progress made.

Commenting on the submission, Scott Pendry, Policy Advisor to the AER said:

“The target system advocated by the FRC has the potential to give companies a strong incentive to progress in achieving boardroom diversity. In our response to the FRC, we pointed out our members' concerns that effective diversity policies will vary depending on the company’s size and sector, the current composition of the board and the availability of talent in the pipeline. Such factors will take time to overcome, which is why it makes sense to keep the wording flexible as the FSC has done, giving scope for all industries to formulate workable plans.

"In our original response to the Davies review we welcomed his decision not to recommend arbitrary quotas as seen in counties such as Norway, France and Spain. Fundamentally, we see the inclusion of a diversity reporting element to the UK Corporate Governance Code as the ideal half way house between rhetoric and diversity quotas. The effectiveness of the system must be closely monitored however, to ensure real progress is being made.”

He concluded: “Members of the AER are committed to working with their clients – employers - to identify the most suitable talent and do everything possible to make the new reporting system a success."

We are delighted to announce the signing of Jane Sherwood as our new marketing coordinator. With an English degree from Kings College, London, Jane joins the OMJ team to help develop the company brand across digital and offline networking channels. Jane said of her appointment: “I am thrilled to be given the opportunity to join a such a progressive organisation. Having met a number of companies during my job search I was instantly attracted to the passion Only Marketing Jobs has for its industry. I am looking forward to developing personal awareness within the social channels and using this to enhance OMJ’s reputation.”


Articles similar to

Articles similar to