Diversity is one of a handful of hot issues in board governance today. Yet, diversity, as it stands alone, is a very broad topic. To some, diversity means gender diversity, as there's a huge push to bring females onto boards of directors. To others, board diversity refers to racial or ethnic diversity. In a general sense, diversity means composing a board that has a diverse set of skills, talents and abilities. With the omnipresent risks related to cybersecurity and the Information Age, boards are considering the physical age and technological ability of prospective board directors. Then, there's the issue of independence and the trend toward developing boards that are composed mostly or solely of independent directors.
In reality, each of these categories of diversity should be viewed separately and together for boards to make the wisest decisions about how to compose the most qualified board that can take them to the highest level of success.
Avoid the 5 Biggest Mistakes Board Make About Diversity
-
Undervaluing the Diversity of People and Perspectives
-
Failing to Connect Gender Diversity with Success
-
Passing Over Novice Board Directors with Technical Expertise
-
Focusing Board Tenure Rather than Board Refreshment
-
Failing to Link Diversity to Performance
Media Highlights
Environmental, social and governance (ESG) issues have become more complex and multifaceted than ever before. At the same time, ESG continues to ascend on board and leadership agendas.
In this buyer’s guide, we explore what a market-leading ESG solution should look like and highlight the key areas organisations should be prioritising as they embark on their search.