01 June 2010
New code of conduct 'may help tackle sex discrimination'
Sex discrimination among employees in the top FTSE companies may be reduced thanks to a new code of conduct.
This is according to training director for everywoman Toni Eastwood, who made her comments in response to guidelines on governance standards published by the Financial Reporting Council.
Under the terms of the rules, when hiring at board level, firms must show "due regard for the benefits of diversity on the board, including gender."
It also states that there should be a formal, rigorous and transparent procedure for the appointment of new directors.
Responding to the development, Ms Eastwood said her organisation welcomes it.
She remarked: "[It] will help to further the issue around gender imbalance in Europe, as having diversity at both senior and board level has proven to benefit the bottom line for businesses."
The expert also praised Norway's introduction of a ruling last year which specifies that all company boards must be at least 40 per cent female.
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