The voluntary code of conduct for executive search firms (The Code) lays out steps for search firms to follow across the search process, from accepting a brief through to induction.
The 2011 Davies Review proposed that the executive search community should draw up a voluntary code of conduct to address gender diversity on corporate boards and best practice for the related search processes. Since its launch, we have refined and enhanced the Code, reflecting learnings from search firms themselves, the independent review of its effectiveness in 2014 and the Hampton-Alexander and Parker reports in 2017.
The revised Code has now been signed up to by around 40 search firms, who collectively account for the vast majority of the board work in the UK. We will continue periodically to review the effectiveness of the Code and progress towards improving board diversity, with the Hampton-Alexander and Parker Steering Groups and other key stakeholders, and recommend changes as appropriate.