Chartered Governance Institute report reveals 53% of FTSE 350 firms have changed their approach to “workforce voice” during Covid-19.
Study says selection processes are “distorted by the assumption that those who do not resemble existing board members are less ‘impressive’”.
The Chartered Governance Institute calls for firms to disclose more data on board performance reviews, including conflicts of interest.
Proxy voting, online shareholder Q&As and livestreaming AGMs are all possible measures to consider, according to the advice.
With boards facing increasingly complex issues such as technology disruption and climate change, it is vital that board performance evaluations keep pace.
Despite progress on policies, a poll reveals businesses still have a long way to go to improve the mental health and well-being of their employees.