The US has failed to make the right progress on boardroom diversity. But the dominance of ageing, male directors cannot last.
The US clearly has a problem with boardroom diversity. The latest research from the Financial Times spells it out. Just 15% of boardroom positions are held by women, while in Europe the figure stands at 25% (not the best, but better than the US).
US board directors, the FT tells us, are almost twice as likely to be over 65 years of age.
What to make of this? Well, the FT’s news does not exist in a vacuum. Last week a group of the largest fund managers in the US, including Warren Buffett, issued their own governance code
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Small and mid-cap companies need a better regulatory framework, which recognises that their needs differ distinctly from SMEs, and which will enable them to compete and thrive on a fairer playing field.
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