REC Comment on New Enhanced Code for Executive Recruiters

1st July 2014

Commenting on the new enhanced code for executive recruiters launched by Business Secretary Vince Cable today (1 July 2014), head of policy at the Recruitment and Employment Confederation (REC) Kate Shoesmith says:

“The new enhanced code is a step in the right direction. However, it sets a number of challenging targets for executive search firms which won’t be achievable without the endorsement and co-operation of their FTSE 350 clients.

“We know that there is still a lack of understanding about the executive search process and what ‘good’ looks like. 

“We made a strong recommendation earlier this year that the gender balance of long and shortlists should be published so that executive search firms who consistently put forward balanced shortlists can be recognised, even when the client may not ultimately choose to hire women.

“Our role will be to raise awareness of the enhanced code, encourage our industry to continue to challenge biases and support businesses to improve gender equality in their boardrooms.

“At a time when skills and talent are in high demand, employers cannot afford to miss out by not accessing the widest talent pools. We will continue to work with the Davies Steering Group and the Department for Business, Innovation and Skills (BIS) to monitor progress.” 

Ends

Notes to editors:

1. ‘Room at the top: women leaders and the role of executive search’ was published in March 2014 and is free to downloaded from the REC website.