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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The 30% Club Cross-Company Mentoring Scheme

Following the completion of the 30% Club cross-company mentoring pilot,we are delighted to be able to announce the roll-out of the full scheme for 2014-15. Nomura kindly hosted the launch event on their spectacular terrace overlooking the Thames, and the turn-out was testament to the 30% Club’s continued aim of reaching out to an ever greater number of organisations and women. A total of 22 organisations are signed up, including all 8 companies that...

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Norway’s Quota – A Decade On

In 2003, and accompanied by fierce debate, Norway became the first country to pass a law legislating for 40% female representation on the boards of publicly listed companies. New research published today by four female academics looks at the impact of this board quota and draws some very interesting (and stark) conclusions.

On a headline level women do now make up 40.7% of NED positions at listed companies in Norway, and while it would...

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The 30% Club Executive MBA 2014 Scholarships

As part of the 30% Club’s broadening focus on all levels of the pipeline, we are delighted to have partnered with 3 leading UK business schools to offer 3 fully-funded 30% Club scholarships on an Executive MBA course.

We have renewed our relationship with Henley Business School, and the 30% Club Henley MBA scholarship is now in its second year. The quality of applicants for the inaugural Henley scholarship last year was outstanding, and...

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