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By Lucy Money*
The new rules
Lord Davies issued his report about female representation on corporate boards in February last year. That report led to the Department of Business, Innovation and Skills publishing ‘A new structure for Narrative Reporting in the UK’ (together with draft regulations snappily entitled ‘The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013’) in October 2012. Quoted companies will be required to prepare a strategic report each financial year showing the number of persons of each sex who are directors, managers and employees of the company. Greater transparency of board make-up analysed by gender is intended to put pressure on companies to increase the number of women occupying senior roles. Clearly...
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