Socio-economic diversity may present a more complex problem than gender or ethnic diversity, but it makes commercial sense to sort it out.
Gender has long dominated the board diversity debate, a focus that has delivered progress. Not enough, but imagine where we would be without it.
Sadly, progress on ethnic diversity has been slower and when it comes to the admittedly tougher area of diversity in terms of socio-economic background, it feels as if we have gone backwards.
This is reinforced by the Social Mobility and Child Poverty Commission’s latest study of 17,000 British children born in a week in 1970.
It measured their ability at five and found that less able,
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Chairs and board members must understand their organisation's financial risk policy and hedging strategy to ensure that they can ask the right questions—and mitigate the risks posed by volatile financial markets.