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Our research revealed multiple challenges that organizations face in implementing board diversity. The key findings highlight the need for a more inclusive approach to recruitment, the evolution of diversity definitions, and the importance of board leadership in driving change.
There’s a growing need to challenge outdated perceptions about what a qualified board member looks like. Misconceptions about candidates’ qualifications and concerns over tokenism continue to hinder progress.
Diversity is not a “one-size-fits-all” solution. Different organizations have unique needs based on their governance structures, strategic goals, and maturity. Tailoring diversity strategies to each organization’s context is key to achieving real change.
Diversity means different things to different people, depending on the context—gender, ethnicity, and other factors. A broader, more holistic understanding of diversity is needed to address evolving societal expectations and governance standards.
Real change requires leadership and the courage to challenge the status quo. Organizations need to commit to uncomfortable conversations and take decisive actions to overcome biases and structural barriers to diversity.
Enabling balanced board diversity is essential for organizations to reflect and represent their stakeholders. Focusing on just one form of diversity is insufficient; a holistic approach that balances identity, professionalism, and character is both a societal and strategic imperative. This broader view strengthens governance and helps organizations remain adaptable in a rapidly changing world.
Includes factors such as gender, ethnicity, race, orientation, age, and accessibility.
Encompasses a range of skills, tenure, and both work and lived experiences
Reflects the unique values, ethics, integrity, behaviours, attitudes and belief systems each individual brings to the boardroom table