Despite evidence that diversity leads to better business outcomes, the Covid-19 pandemic threatens progress in this area—and thereby risks the recovery.
Most now agree that we will be entering a "new normal" as we move out of the acute phase of the Covid-19 pandemic. For corporate UK, that may mean pivoted business models being made (semi) permanent and/or flexible and remote working as standard. What is less clear is how our reshaped companies will look in terms of diversity, in their staff teams overall and senior leadership teams in particular.
Yet the impact of Covid-19 on diversity is vitally important not only to individuals affected, but to the recovery of firms and the economy as a whole.
The evidence of a correlation between business performance and diversity was strengthened a
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Legal and regulatory roundup from around the UK and Europe: EU tax, tightened money laundering legislation, gender pay gap regulation in the UK, review of governance codes in Germany and the UK, and Belgian FSMA guidelines.