Diversity in the boardroom is not a compliance exercise. It is about the value of differing opinions when solving problems and making decisions. It is about the results that have been shown in those companies that have diverse boards...
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Because attempts to mandate board diversity or its disclosure have faced legal challenges, private ordering may ultimately prove to be more effective in achieving diversity...
EU-listed companies to have at least 40% of their non-executive director positions held by women by 2026. New board diversity requirements have been outlined by the European Council and European Parliament, with lawmakers reaching an agreement on the legislation....
You can’t solve a problem without first knowing what it is or at least what is contributing to it. With that in mind, you first need to recognize the issues that are making your board meetings unproductive. Only then can you take the proper steps to ensure board meetings are productive and successful....
If done in a constructive way, peer assessments can provide helpful feedback for each director. This input can help directors better understand where they might not be measuring up and how they can improve their individual performance. For boards that don’t currently do peer assessments but are considering doing so, a natural time to start is when you next add...
Boards may be tempted to focus on the diversity aspect of DE&I, which is the easiest to measure. However, the “E” and “I” are just as critical. Representation of women and minorities may increase, but without a culture of inclusion, companies risk tokenizing...
Research has repeatedly shown the benefits of diversity in race, gender, age and socioeconomic backgrounds, and these benefits apply to the formation of any team, including a board. An experienced board member can be a great addition to a board of directors, but sometimes more diversity comes from someone with less experience....
In the same way that compensation, governance and audit committees have facilitated better corporate oversight through an experienced group of directors, future corporate boards would be prudent to add a dedicated ESG committee to oversee matters of increasing...
Between 2017 and 2021, the number of appointments of HR leaders to corporate boards increased by 300%. Its analysis is based off the Russell 3000, which represents 97% of the U.S. equities market by capitalization and identifies all HR leaders...
A multitude of crises in recent years—a global pandemic, wildfires, severe weather events, social unrest, supply chain upheaval, talent shifts, inflation and other economic issues, and the war in Ukraine—has created turmoil in business, ...
