BonelliErede adopts a quota of women for the governance board in the promotion of diversity
Independent leader emulates Italy’s ‘pink quota’ for listed companies by adding trio of women to board of directors
Italian company BonelliErede has renewed its governance structure, appointing three women to its board of directors as it seeks to improve its gender balance to the next level.
The firm announced that six new members of the Board of Directors, including three women, will join the president reappointed Stefano Simontacchi and managing partner Andrea Carta Mantiglia to lead the firm as it seeks to promote greater diversity and inclusion within its management team.
The changes coincide with the company’s introduction of a “pink quota”, a requirement that will ensure the presence of at least one woman on its board of directors.
The newly appointed members are associated Giulia Bianchi Frangipane Riccardo Bordi, Eliana Catalano, Massimiliano Danusso Giuseppe Manzo and Silvia Romanelli. Stefano Nanni Costa will also return for another term on the board.
In a joint statement, Simontacchi and Mantiglia said the management changes marked the next step in the firm’s growth path, adding that he planned to “target the sustainable development over time” and become a “firm lawyers of the future ”, as an environmental manager, the social and governance movement (ESG) continues to gain ground among European law firms.
There is an ongoing debate about the effectiveness of quotas as opposed to targets as weapons in improving diversity. A procession of UK law firms focused on publishing diversity goals. However, the so-called “pink quota” – legislation introduced for the first time by the EU in 2012 to increase to 40% the proportion of women in the boards of large listed companies through the block – has played a role in improving gender equality in companies. balance ratios in Italy, where women now make up a third of board members, according to a report by the European Institute for Gender Equality.
Andrea Carta Mantiglia, Managing Partner of BonelliErede, said: “We see the pink quota in the larger context of diversity and inclusion. This will be a strong point for the firm going forward and as we continue to encourage female partners to run for office to ensure greater representation of women at the board level.
The firm will also launch a new committee dedicated to diversity and inclusion in the coming weeks.
“We currently have a corporate social responsibility committee has implemented a number of initiatives related to the GSS, but we found it necessary to create a separate committee to reflect our ongoing commitment to diversity and inclusion throughout the organization. ”
Meanwhile, the firm has also promoted four lawyers to partner to demonstrate its ongoing commitment to organic growth, adding the duo litigation and arbitration Baroni Massimo and Chiara Mancini alongside Francesco Saverio tax Scandone partnership in Milan , as well as the banking and financial expert. Francesca Marchetti in Rome.
The promotions bring the firm’s number of partners to 87, with a total of 720 professionals across its eight offices in Europe, the Middle East and Africa.
A number of law firms have recently elected women to senior positions. Last week, Ashurst announced that Karen Davies, UK entrepreneur, was the first woman World President, while Linklaters has appointed Aedamar Comiskey, global business manager, his first wife senior partner in nearly 200 years of history.