Evidence shows that diversity on boards boosts financial performance. So why are some firms still failing to reach gender targets?
Some of the UK’s biggest companies stand accused of failing to reach gender board diversity targets in circumstances that could seriously damage both organisational reputations, and the opportunities offered by embracing different styles of leadership.
In 2016 the Hampton-Alexander Review, an independent, business-led framework supported by government recommendations, produced guidance on how FTSE 350 companies needed to improve the representation of women on their boards and in leadership positions.
The review set a minimum 33% target for women on FTSE 350 boards, alongside the two layers of leadership below the board—the executive
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Why is the practice of corporate governance so different from best practice standards? Effective corporate governance "in practice" is fluid, context-specific and depends on practitioners’ skills, initiative and adaptation.