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The Voluntary Code of Conduct for Executive Search Firms

Nigel Wright Group is becoming a signatory to the Code of Conduct for Executive Search Firms. The code’s purpose is to help and support businesses to implement their gender and ethnic diversity objectives on boards and senior management roles.

We will therefore advise boards and make recommendations regarding our search process that will help enhance diversity and align with best practices and regulatory expectations. Our approach will be led by your priorities regarding strengthening the shortlist of candidates for interview.

We outline details about the code below which we are adopting for all executive searches in the UK.

We have set ourselves the following targets:

  1. When clients have gender diversity objectives, we will aim to include 40% of female candidates in all executive Longlists/Shortlists.
  2. Our ethnic diversity target is to discuss and agree the ethnic mix of candidates in longlists/shortlists on 100% of executive assignments and to deliver against any agreed objective.

Code of Conduct for Executive Search Firms

Purpose: Enhance gender & ethnic diversity on boards and senior management roles.

Key principles:

  1. Board Succession Planning: Develop medium-term plans for board effectiveness.
  2. Executive Succession Planning: Set diversity targets and strengthen candidate pipelines, with 40% female candidates in Longlists/Shortlists.
  3. Diversity Goals: Prioritise gender and ethnic diversity in recruitment.
  4. Defining Briefs: Focus on skills and competencies over traditional experience.
  5. Supporting Candidate Selection: Emphasise competencies and reduce biases.
  6. Induction: Advise on best practices for onboarding new hires.
  7. Embedding Best Practices: Monitor adherence and share success stories.

Implications for organisations:

  1. Enhanced Diversity: Promotes a diverse and inclusive leadership.
  2. Improved Recruitment: Broader candidate pool and better succession planning.
  3. Reputation: Commitment to diversity can enhance your organisation’s image.
  4. Compliance: Aligns with best practices and regulatory expectations.

See more information about the code and its provisions here.