While organizations have made some progress toward gender diversity in the boardroom, there is much more to be made. Why has progress not happened more quickly, and what can business leaders do about it?
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Current events – including escalating racial and political turmoil — demonstrate the importance of diversity and inclusion in a rapidly changing world. Consequently, Environmental, Social and Governance (ESG) principles have boards considering their companies’ impacts on employees, customers, and the communities in which they operate.
Podcast guest, Peter Deans, shares with Meghan Day, Diligent’s Director of Board Experience, his take on how the associated risks need to be effectively managed by boards and management.
Gender diversity is further impacting how firms invest in a business and private boards need to further increase dedication to diversity.
When considering the preferred characteristics for board chair a company needs to evaluate the maturity of the board’s composition & risks.
Strategic board renewal requires having a commitment to the present and the future of industry, identifying the most appropriate corporate culture and taking a modern governance approach to business.