Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
Find up-to-date guidance on points of law and then easily pull up sources to support your advice with Lexis PSL
Check out our straightforward definitions of common legal terms.
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Access our unrivalled global news content, business information and analytics solutions
Insurance, risk and compliance intelligence using big data, proprietary linking and advanced analytics.
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
towards gender diversity targets came under the spotlight this week when Domino’s
Pizza Group took a step backwards and reverted to an all-male board at its AGM on 17 June 2020, following the resignation of its only female board member, a
development which had been in the pipeline since the company’s last AGM.
diversity on boards has been on the corporate governance agenda, there has been
a slow but steady increase in the number of women appointed to a director
position across the FTSE 350. The Hampton-Alexander review set FTSE 350 companies
a target, to be reached by the end of 2020, of 33% female representation on boards,
and suggested that FTSE 100 companies meet the same percentage for executive
committee members and direct reports to the executive committee on a combined
basis in the same time frame.
Domino's reported in its 2018 Annual Report that Helen Keays would be approaching nine years as an independent
non-executive director this year and in March 2020, Keays expressed her intentions to retire with effect from this year’s AGM. However, no plans were put in
place to ensure gender diversity guidelines were met upon her departure. It was
a surprising development given that Domino's has made a series of appointments over
the previous year, using head-hunters who are signatory to the Code of Conduct for executive search firms. Even Helen Keays’ role as Senior
Independent Director was taken over
by the interim chair, Ian Bull. Although a number of firms across the
FTSE 350 have a way to go before meeting the gender diversity targets, Domino’s
will find itself on the back foot, having become one of only a few FTSE 350 companies,
alongside luxury automotive brand Aston Martin, with an all-male board. Both
Domino’s and Aston Martin now face a ‘red top’ warning from the Investment
Association following the changes to their respective boards.
Institutional investor advisory bodies such as ISS
and Glass Lewis recommend a ‘vote ‘against’ the chair of a company’s
nomination committee (or other relevant directors on a case-by-case basis)
where the company has no female directors on the board.’ In addition, the Pensions
and Lifetime Savings Association suggests that investors consider voting
against the re-election of the board chair and the nominations committee chair ‘if
the board is consistently failing to move closer to the Davies Report
target on female representation or the 2016 Parker report’s ethnic diversity
target of no ‘all white boards’ by 2021 (or other established targets for
gender and other forms of diversity).’ Nevertheless, all the resolutions at
the company’s recent AGM were passed without any significant opposition.
Free trials are only available to individuals based in the UK
* denotes a required field
Market Tracker is a unique service for corporate lawyers housed within Lexis®PSL Corporate. It features a powerful transaction data analysis tool for accessing, analysing and comparing the specific features of corporate transactions, with a comprehensive and searchable library of deal documentation across 14 different deal types. The Market Tracker product also includes news and analysis of key corporate deals and activity and in-depth analysis of recent trends in corporate transactions.
0330 161 1234