FRC comments on Women on Boards progress report published by Cranfield School of Management
News types: Statements
Published: 7 November 2013
Commenting on the Women on Boards progress report published by Cranfield School of Management and sponsored by the FRC, Executive Director, Codes and Standards, Melanie McLaren said:
“Companies of all sizes, not just those in the FTSE 100, need to address the issue of diversity at board level and to develop the executive pipeline.
Requirements in the UK Corporate Governance Code introduced in 2012 called upon companies to report on their diversity policies. The FRC is pleased to see in the report an upward trend in the rate at which female directors are being appointed and hopes to see similar progress in the quality of reporting by next year. All companies should be capable of describing clearly and succinctly what they do, and there are many good examples of reporting by FTSE 250 companies highlighted in the report."
Notes to editors:
The FRC is responsible for promoting high quality corporate governance and reporting to foster investment. We set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. We represent UK interests in international standard-setting. We also monitor and take action to promote the quality of corporate reporting and auditing. We operate independent disciplinary arrangements for accountants and actuaries; and oversee the regulatory activities of the accountancy and actuarial professional bodies.
The FRC is responsible for promoting high quality corporate governance and reporting to foster investment. We set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. We represent UK interests in international standard-setting. We also monitor and take action to promote the quality of corporate reporting and auditing. We operate independent disciplinary arrangements for accountants and actuaries; and oversee the regulatory activities of the accountancy and actuarial professional bodies.