Transparency data: Women on boards: executive search firms signed up to the code of conduct

Policy paper: UK-New Zealand FTA Joint Committee – ministerial statement, 8 May 2024

# Promoting Gender Diversity: The Role of Executive Search Firms and the Code of Conduct

In today’s corporate landscape, the call for gender diversity on boards has become increasingly prominent. With research consistently demonstrating that diverse boards enhance company performance, the need for actionable steps has never been more urgent. One significant initiative supporting this movement is the voluntary code of conduct for executive search firms, aimed specifically at promoting gender diversity in corporate governance.

As we assess the commitment of various executive search firms to this cause, we find that an increasing number are signing on to the code of conduct. This initiative encourages firms to prioritize gender diversity in their recruitment practices, striving to create a more equitable representation of women in leadership positions. By adhering to the principles outlined in the code, these firms not only contribute to a cultural shift within corporations but also signify their dedication to fostering an inclusive environment in executive appointments.

The code of conduct establishes clear expectations for its signatories, including the following key principles:

1. **Promoting Gender Diversity:** Firms are urged to actively promote and prioritize gender diversity in their executive search engagements.

2. **Transparent Reporting:** Executive search firms are encouraged to transparently report on their progress towards gender diversity in board appointments, thus enabling accountability within the industry.

3. **Commitment to Best Practices:** Signatories are expected to adopt best practices for diversifying candidate shortlists, ensuring that female candidates are consistently considered for board roles.

4. **Engagement with Clients:** Firms must engage in discussions with their clients about the importance of gender diversity and help cultivate an understanding of the business benefits it brings.

As firms embrace these principles, a list of notable executive search firms committed to the code of conduct begins to emerge. These firms represent a cross-section of the industry, each taking significant steps towards addressing gender disparity on boards. Their participation not only reflects a growing acknowledgment of the importance of gender balance in corporate leadership but also serves as a beacon for others in the industry to follow suit.

The call for gender diversity is not merely a matter of equity; it is increasingly recognized as a critical driver of business success. Research indicates that organizations with diverse boards are more likely to outperform their peers, showcasing improved decision-making and innovation. With a diverse range of perspectives at the table, companies are better equipped to navigate complex challenges and capitalize on new opportunities.

As we move forward, the continued engagement of executive search firms in promoting the code of conduct will be paramount. Their influence extends beyond recruitment; they play a key role in shaping corporate culture and the governance landscape. By holding themselves accountable to these standards, they can contribute to a more equitable and prosperous future.

In conclusion, as the movement for gender diversity on corporate boards gains momentum, the role of executive search firms adhering to the code of conduct cannot be overstated. Their commitment to fostering diversity not only supports individual firms in their quest for excellence but also propels the corporate sector towards a more inclusive and representative future. As stakeholders in this endeavor—companies, search firms, and society at large—we must all continue to advocate for and support these vital initiatives to ensure that gender diversity becomes standard practice in corporate governance.

透明数据:董事会女性比例:已签署行为准则的高管搜索公司

一份已签署自愿行为准则,以解决公司董事会性别多样性问题的高管搜索公司名单。

在当今商业环境中,性别多样性已成为提升企业竞争力和创新能力的重要因素。越来越多的企业认识到,在董事会层面引入多元化视角,对决策过程和公司治理具有积极影响。为此,一项名为“自愿行为准则”的倡议应运而生,旨在促使高管搜索公司在招聘董事会成员时更加关注性别多样性。

本文列出了一些积极参与该自愿行为准则的高管搜索公司,彰显他们在推进性别平等方面的承诺:

1. **埃克森美孚 (Egon Zehnder)**:作为全球著名的高管搜索公司,埃克森美孚致力于推动性别多样性,并制定了一系列指标来评估其招聘中的多样性目标。

2. **史陶比尔 (Spencer Stuart)**:史陶比尔在全球范围内致力于提高女性在董事会中的比例,并通过培训与支持计划,激励企业在高管招聘中纳入更多女性候选人。

3. **海德思哲 (Heidrick & Struggles)**:海德思哲积极倡导性别多样性,通过与企业合作,帮助创造一个包容性的领导团队环境。

4. **科恩与沃尔夫 (Korn Ferry)**:科恩与沃尔夫专注于提供战略咨询,并在其招聘流程中注重男女候选人的平衡,力求提升董事会的多样性。

5. **麦肯锡公司 (McKinsey & Company)**:虽然以咨询而闻名,麦肯锡公司在高管招聘领域同样非常活跃,始终致力于推动性别和其他多样性的提升。

这些高管搜索公司的参与标志着行业内对性别多样性议题的重视程度正在不断提升。通过自愿行为准则的实施,这些公司不仅树立了积极的榜样,也为其他企业提供了可复制的成功模式,以助力形成更为均衡和多元的董事会结构。

我们期待未来有更多的高管搜索公司加入这一行列,共同推动企业文化的变革,让多样性的声音在商业决策中愈加响亮。

阅读更多中文内容: 推动性别多样性:参与自愿行为准则的高管搜索公司名单
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Example:

A cosmetics company looking to enter the Chinese market might work with a local marketing agency to navigate the unique consumer preferences and regulatory environment.

5. Innovation and Diversity 🌐

Diverse teams bring diverse perspectives, which can lead to greater innovation. Sourcing services internationally allows businesses to incorporate a variety of viewpoints and ideas, fostering creativity and driving innovation. This diversity can help in developing new products, improving processes, and finding unique solutions to complex problems.

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An international product design firm might source ideas from designers across Europe, Asia, and North America to create a product that appeals to a global audience.

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Example:

A company might spread its supply chain management across multiple countries to avoid disruptions caused by local issues in one region.

7. Scalability 🚀

Cross-border services offer excellent scalability opportunities. As businesses grow, they need to scale their operations quickly and efficiently. International service providers often have the infrastructure and capacity to support rapid growth, allowing businesses to expand their operations without significant upfront investments.

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Industry Leaders

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Transformative Case Studies

Digital Transformation

Client: TechWave Solutions “CrossBorderBoost helped us implement a comprehensive digital transformation strategy that enhanced our operational efficiency and customer engagement. Their innovative solutions and expert guidance were key to our success.”

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