ARTICLE
25 April 2016

Corporate Governance: EHRC Guidance On Improving Board Diversity

SS
Shearman & Sterling LLP

Contributor

Our success is built on our clients’ success. We have a long and distinguished history of supporting our clients wherever they do business, from major financial centers to emerging and growth markets. We represent many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises, often working on ground-breaking, precedent-setting matters. With a deep understanding of our clients' businesses and the industries they operate in, our work is driven by their need for outstanding legal and commercial advice.
On 23 March 2016, the Equality and Human Rights Commission ("EHRC") published guidance for companies, among others, on how to improve the diversity of company boards within the framework of the Equality Act 2010 and the UK Corporate Governance Code.
European Union Corporate/Commercial Law
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On 23 March 2016, the Equality and Human Rights Commission ("EHRC") published guidance for companies, among others, on how to improve the diversity of company boards within the framework of the Equality Act 2010 and the UK Corporate Governance Code.

The recommendations include:

  • defining the selection criteria in terms of measurable skills, experience, knowledge and personal qualities;
  • reaching the widest possible candidate pool by using a range of recruitment methods and positive action;
  • providing a clear brief, including diversity targets, to executive search firms;
  • assessing candidates against the role specification in a consistent way throughout the process;
  • establishing a clear board accountability for diversity; and
  • widening diversity in the senior leadership talent pool to ensure future diversity in succession planning.

The EHRC guidance can be found here: http://www.equalityhumanrights.com/sites/default/files/uploads/wob/How%20to%20Improve%20Board%20Diversity_ web.pdf"  

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
25 April 2016

Corporate Governance: EHRC Guidance On Improving Board Diversity

European Union Corporate/Commercial Law

Contributor

Our success is built on our clients’ success. We have a long and distinguished history of supporting our clients wherever they do business, from major financial centers to emerging and growth markets. We represent many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises, often working on ground-breaking, precedent-setting matters. With a deep understanding of our clients' businesses and the industries they operate in, our work is driven by their need for outstanding legal and commercial advice.
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