Ethnic minority targets – a follow up

We have received a number of queries about the initial blog in which we suggested that having another target may not be the best way to achieve further diversity from here.

As well as the exciting progress towards more women on boards that our original target (and Lord Davies’) has encouraged over the past four years, it is clear that there is now a very different view of what makes...

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Ethnic minorities on boards

We greeted the news that Vince Cable is to launch a drive to target 20% ethnic minorities on FTSE 100 boards by 2020 with mixed feelings. Setting more and more targets for companies, however well-intentioned, just leads to gridlock and possibly resentment. It is far better to keep going in the journey towards cultural change with a focus on improved corporate governance, than to overly socially engineer things by creating yet more targets.


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The World Economic Forum Global Gender Gap Report 2014

First introduced by the World Economic Forum (WEF) in 2006, the Global Gender Gap Index is a measurement of gender-based disparities in individual countries tracked over time. Countries are ranked on the progress they have made to close the gender gap in four categories: economic participation and opportunity, educational attainment, health and survival and political empowerment. The highest possible score on the index is 1 and means that a nation has fully eradicated the gender...

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Have the changes to company boards been radical enough?

During a briefing at the London School of Economics in November 2008 on the global market turmoil, the Queen famously asked the question on many minds: given that the financial crisis was so big, why did nobody notice it coming? Her host, Professor Luis Garicano, suggested: “At every stage, someone was relying on somebody else and everyone thought they were doing the right thing.”

A lack of accountability was clearly...

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Nurole makes it first FTSE appointment

Digital recruitment company Nurole has made its first FTSE appointment. It helped The Merchants Trust select Sybella Stanley, director at publisher Reed Elsevier, and political journalist Mary Ann Sieghart, as non-executive directors, making its board 40% female.

Nurole was set up this year by headhunter Susie Cummings and is shaking up the way that company boards select directors. Nurole registrants fill out an online form expressing their areas of interest. When a...

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Nomination and diversity on Hong Kong boards: Best practice and in practice

One year on from the introduction of “comply or explain” requirements for board diversity in the Hong Kong Corporate Governance Code, a new study completed in partnership between Linklaters and the 30% Club Hong Kong looks at best practice in Hong Kong for nomination committees and the director nomination process. This is the first study to examine Hong Kong’s progress one year after the corporate governance code amendments, and also...

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The Evolution of the Board

We hosted a seminar in London last Thursday with the Davies Committee focused on the evolution of the board. The seminar gave perspectives of FTSE 100 and FTSE 250 Chairs and SIDs, board reviewers and fund managers, and was a real checkpoint on whether we need a more radical rethink about the approach to board effectiveness.

The UK has travelled a long way towards better boards, but we need to stand back and...

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30% Club activities in the US

It’s been a busy few weeks for the 30% Club!

Our US arm, which launched in April, continues to go from strength to strength. We hit both the East and West coasts of the US in 24 hours on 10th October. Starting in Washington DC, we held a breakfast, hosted by KPMG, alongside the annual meeting of the International Monetary Fund, with almost 100 guests from around the world drawn mainly from...

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