First of all, it’s not just another code! This Code, and its Accountability Framework, is designed to provide organisations across all sectors and sizes, with the opportunity to address a very specific challenge.
How to deal with race inequality in the boardroom and senior leadership team.
It is not only a combination of current best practice and thinking around addressing the challenges organisations face in this area, but its unique Drivers provide the refreshing, sometimes radical and uncomfortable solution needed to create lasting and transformational change.
The Code adopts an ‘apply and explain’ approach, meaning organisations are able to describe how, based on their specific circumstances they will achieve the Code's standards. Adopters are required to carry out a self-assessment against the Code requirements, explaining in a robust, transparent and comprehensive manner the outcomes of their practice. Where a requirement has not been achieved, reasons for non-achievement should be given, supported by intended actions to satisfy the requirements.
In essence, this single Code uniquely provides one set of standards, applicable to every organisation irrespective of size or sector, which has been endorsed, robustly reviewed and is ready for immediate adoption and application