code of practice

The Gender Bonus Beyond “The Land That Time Forgot”

The Gender Bonus Beyond “The Land That Time Forgot”

As we enter a new decade it is an opportune time to reflect on the progress of diversity on Boards and the challenges that lie ahead.

This past decade has been one where female participation in the business world has exploded into the headlines and onto our Boardrooms.

In the UK we started the decade with the Davis Report in 2011 which sort to drive a voluntary target of 25% of women on Boards’ of FTSE 100 companies by 2015. The target was successfully achieved and then superseded by a 33% target by 2020, which is also likely to be achieved.  This model of targeted voluntary compliance has proved successful but there is still much to do in creating further diversity in the executive pipeline.  Targeted compliance has provided a catalyst for increasing gender participation on the executive committee and subsequently feeding onto Boards.  While less explosive and headline grabbing, this approach has largely avoided the accusation of under qualification and under experienced women on Boards, often thrown at the quota approach.

Accelerating Women Chairman in FTSE Board

Accelerating Women Chairman in FTSE Board

Diversity on boards is essential for success. Countless capable women candidates are being overlooked for the top role and it is time to change this.

This summer, Helen Pitcher OBE and some like-minded people started an initiative called "Accelerating Women Chairman in FTSE Board". The goal was to help headhunters, chairman and nominating committees to recognise the enormous pool of talented women who are ready to take on chairman roles.

Can HR measure up?

Can HR measure up?

New reporting requirements have been introduced around monitoring culture more closely. JENNY ROPER asks if this will improve corporate governance or be just another box to tick

“Rob is the miserable one of the partnership,” jokes visiting professor and executive in residence at IE Business School Gareth Jones, referring to his book – and article-writing partner Emeritus professor of organisational behaviour at London Business School Rob Goffee (who, poor man, is not on the phone call to defend himself).

But despite Jones’ opening quip it is he who is foretelling doom. “Here’s a miserable prediction: in light of the new corporate governance reporting guidelines boards will be saying to their HR departments ‘WE NEED SOME MEASURES!’” the former BBC director of HR and internal communications says, shouting this last part down the phone so loudly that those nearby in HR magazine’s office look round in surprise.

Independent External Board Reviews

Independent External Board Reviews

Independent external board evaluations emerged in parallel with the general development of the governance code for companies. The question now arises whether their current shape is fit for purpose in the modern corporate environment, where society/CSR and employee engagement are playing an increasing part in the context of a company’s right to operate and accumulate numerous benefits and advantages from society?

Better Board Evaluation (Code of Practice)

Better Board Evaluation (Code of Practice)

It really is time our industry had a Code of Practice for Board Evaluations.  Companies need guidance to get through these troubled times. So it was good news to read that the Business Secretary Greg Clark announced – as part of the insolvency safeguards – measures to develop a code of practice for external board evaluations. (see press release).

External Board Evaluations

An article by Advanced Boardroom Excellence for the LexisNexis Company Secretary’s Review
Vol 37, No. 23, Published on 26 February 2014

Last month a new draft Code of Practice on independent external board evaluations was published. Seamus Gillen from Advanced Boardroom Excellence explains the reason for producing the draft Code, sets out the contents of the Code, and considers what will happen next.

Advanced Boardroom Excellence launches a Code of Practice for Board Evaluations

Originally published on 4 Feb 2014 by Hr NETWORK News

Advanced Boardroom Excellence, leading advisers in developing individual and collective director effectiveness, has recently launched a Code of Practice for Independent External Board Evaluations (the “Code”). The Code sets out guidelines for achieving a high-quality board evaluation with reference to the Financial Reporting Council’s Guidance on Board Effectiveness.

Boardroom Standards Scrutiny

A City A.M. news article
Originally posted on January 24, 2014 at www.cityam.com

Board evaluations – used by companies to improve their practices in the boardroom – need to be improved according to Helen Pitcher, an expert on corporate governance...

Advanced Boardroom Excellence launches a Code of Practice for Board Evaluations

Advanced Boardroom Excellence launches a Code of Practice for Board Evaluations

Advanced Boardroom Excellence (“AB Excellence”), leading advisers in developing individual and collective director effectiveness, has today launched a Code of Practice for Independent External Board Evaluations (the “Code”). The Code sets out guidelines for achieving a high-quality board evaluation with reference to the Financial Reporting Council’s Guidance on Board Effectiveness.