Category: latest news

The business case for diversity has been established for some time. Companies with more diverse boards have shown that they tend to perform better financially. What’s more, organizations that are more diverse as a whole with respect to gender—from top executives and board members...

New research from IMD and The Boardroom demonstrates that these assumptions are at best outdated and at worst harmful to progress toward greater board diversity. The research is based on an opinion survey of 130 senior women executives in 18 European countries...

The road to gender parity on corporate boards has been a long one, but there are signs of progress. In 2022, for instance, 45% of new Fortune 500 board appointees were women and the percentage of women on these boards had risen to almost 30%....

Directors reported an average of 200 hours per year on board work, a sharp drop from last year’s average of 278 hours. However year-over-year comparisons of this statistic are problematic due to significantly different sample sizes that likely influenced the averages. The 2023 number was based on a follow-up survey of 95...

In recent years, AI has rapidly transformed the business world, revolutionising everything from customer service to product development. Now, AI is making its way into the highest levels of corporate decision-making: the boardroom. As organisations globally grapple with the implications of AI ...

The median change in base salary in 2023 was 4.0% for CFOs, similar to last year’s 3.8% increase. For CEOs, the median salary change was 0%, well below last year’s 2.9% median increase...

Onboarding is an integral part of the board recruiting process. Robust director onboarding allows the company to benefit quickly from a new director’s skills, experience and perspective. Onboarding also helps to maintain board culture and chemistry and helps less experienced directors fully...

Artificial intelligence has emerged as a pressing issue for boards that demands new approaches to governance to ensure that companies are seizing opportunities for value creation, while minimizing enterprise risk. AI technologies possess the potential to revolutionize industries, disrupt traditional business models, and profoundly alter long-term strategies for growth....

Almost 40% of all new board chairs in 2023 were women; 38% of all CSSBI 100 directorships were held by women, almost 30% more than in 2019; Gender-balanced boards increasing — 12% of boards were at least fully gender balanced; women were in the majority on five,...

The value of DEI initiatives: Regardless of receiving a DEI-related shareholder proposal, all companies should consider integrating DEI in their business strategy and operations. Indeed, DEI is a vital catalyst for: Enhanced innovation and creativity: Companies with diverse management teams demonstrate 19% higher revenues due to innovation....