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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Research shows an improvement in public opinion on ethical business behaviour. But is business really behaving more ethically, or does it just appear more favourable when compared with other scandal-hit sectors?
Comment: The EU’s revised Shareholder Rights Directive comes into force this week. But while some investment managers are embracing the opportunity to engage boards on ESG issues, there are warnings that others appear to be hoping they will go away.
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