Companies benefit from diverse workforces, but also from having the input of different opinions and ways of thinking.
Although there is some progress in diversity in other board roles, research suggests that boards are prioritising experienced directors.
But organisations that approach diversity, equity and inclusion from a compliance perspective fail to reap its benefits, research finds.
Meeting reporting responsibilities means boards are left with less time for strategic discussions, reveals annual survey.
Neglecting diversity and inclusion in volatile times will prove to be a false economy for boards in the longer term.
This year’s report shows that, although significant progress has been made, many companies have increased diversity through NED appointments.
Campaigners fear that ‘limited’ EU draft directives on corporate reporting will hinder the creation of a ‘sustainable and just economy’.
The watchdog’s review finds companies are showing more awareness, but need to gather reliable data to be able to monitor their progress.
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Just 19% of chair, chief executive, chief financial officer or senior independent director roles went to women in 2021.