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Board diversity

Considerations and guidance for corporate governance professionals on boardroom diversity. Board diversity is one of responsibilities of the nomination committee

In this section

Articles and features

The diversity necessity in Sport

The Football Association (FA) recently announced a new set of rules to supplement their current diversity and inclusion scheme, the three-year ‘In Pursuit of Progress’ plan.

How employee directors add value

Directors’ duties to ‘have regard to’ a wide range of stakeholders has been with us since the Companies Act (2006). Stakeholders includes company employees.

Where are the women lead auditors?

While there may be improvements in the number of women in top business roles, much more needs to be done to close the gap among lead audit partners, argues executive coach Geraldine Gallacher.

Guidance and reports

Making a difference: Audit committees in central and eastern Europe

Based on in-depth interviews with audit committee members in seven CEE countries, this report draws out insights on how audit committees are working, how they are having an impact and how they view the future. It provides insights into some of the common challenges still remaining at a time when the role of audit committees is expanding, largely driven by the introduction of new statutory requirements

Growing Together: Creating a stronger profession

In uncertain times for the world economy, growing a stronger profession has seldom been more important. Our guide explores how ICAEW’s work helps the profession respond to these challenges and provides more details on a variety of areas where ICAEW is active. The full range of ICAEW’s work is covered, from efforts to address cyber security concerns to helping to design assurance services for bank capital ratios.

How diverse should boards be?

In recent years, governments, regulators and corporate governance groups around the world have been taking initiatives to increase representation of women on boards. Debate continues about the effectiveness of measures to address this and other board diversity issues. However, rather than simply reacting, what should boards themselves be doing? This paper considers the principal drivers of diversity to help boards set and assess diversity objectives to promote long-term business success.

Skills for growth

An ICAEW guide to social mobility in the chartered accountancy profession

Webinars and other recordings

Worker representation on boards

Graeme Nuttall OBE (Fieldfisher), and Andrew Ninian (The Investment Association) discuss how worker representation on boards could work for business.

Corporate governance in high growth organisations

Carla Stent, MCS Advisory Ltd and Charlie Johnstone, ECI Partners LLP discuss governance in high growth organisations using Rhubarb, an elite catering company, as a case study.

Board’s role in integrated thinking

Deborah Harris, Chair of ICAEW’s NED Group and Paul Druckman, Chief Executive of the International Integrated Reporting Council discuss developments in corporate reporting, the growing demand for transparency and sustainable strategies.

Widening the talent pool

Greater board effectiveness can be achieved through increased board diversity. Gain insights from FTSE100 non-executive director Rudy Markham, on the challenges for board diversity, and successful approaches to overcome them.

Bulldogs and Bloodhounds

The new Government statements advocating greater diversity on boards can focus opportunity to address not only gender, but also diversity of thought, experience and personalities. High performing board members will harness this concept in its wider sense to effectively manage and evidence their decision making.

eBooks

The Library & Information Service provides a collection of eBooks as a benefit of membership. Please note that ICSA and Credo publications are only available to ICAEW members and ACA students.  Please log in to access these titles. If you are unable to access an eBook, please see our Help and support or contact library@icaew.com.

Ideas for leaders collection

A collection of the latest global management and business thinking summarised into straight forward and understandable language.

It's not a glass ceiling, it's a sticky floor: free yourself from the hidden behaviours sabotaging your career success

Professional advancement for women in the workplace.

Woman's place is in the boardroom, A

Details the advantages of having women on the board of directors.

Woman's place is in the boardroom, A: the roadmap

Guide to promoting women in the workplace.

Women in business: the changing face of leadership

Describes the process of increasing gender diversity in leadership positions.

Women leading

Describes the role of women in leadership positions.

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The Library & Information Service provides a collection of articles as a benefit of membership. Please log in to view these articles. If you are unable to access the articles, please see our Help and support page or contact library@icaew.com.

Revised Corporate Governance Code: what you need to know

The article examines whether the 2018 Corporate Governance Code of Great Britain will be able to prevent corporate failures with the introduction of changes such as the provision to encourage greater engagement of the board and the nine-year rule for directors on the company board. Topics covered include flexibility offered by the Financial Reporting Council (FRC) for the enforcement of the Code, succession planning and development of a diverse board, and excessive executive pay. * For full article please contact the Library. *

Writing your board diversity policy

The article discusses the diversity in corporate boardrooms which has become one of the world's hottest governance topics. It states that companies have spent years giving lip service to the idea of broader gender, race, age in boardrooms. It also states that written board policy on diversity status, goals and benchmarks have been made in resolving the issue

Are the UK's corporate leaders sexist? Some FTSE 350 bosses give 'appalling excuses' for not hiring women to the board.

The article highlights the findings of Hampton-Alexander Review, the government-backed, business-led body that's attempting to increase the proportion of women on boards to one third by 2020, about corporate excuses' for not hiring women to the board. Several excuses found in the review includes women's abilities to deal with pressure of sitting on the board, reduced number of women with the right credentials and depth of experience.

Terms of use: You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

Corporate Governance Review

Grant Thornton's review of the annual reports of 297 of the UK’s FTSE 350 companies with years ending between April 2017 and April 2018. The section on nomination committees looks at how successfully the annual report cover the scope and focus of the committee's work, including board composition, independence, diversity and the board evaluation process.

Board diversity reporting

Board Diversity Reporting in 2018 provides a snap shot of diversity reporting across the FTSE 350 and identifies examples that lead the way in terms of quality and approach. Only 15% of FTSE 100 companies fully complied with the UK Corporate Governance code's provision on diversity reporting.

The 30% club

A group of chairs and organisations committed to bringing more women onto UK corporate boards. The initiative aims to have at least 30% women on UK PLC boards within five years.

Women in business

Annual report from Grant Thornton bringing together findings on the participation of women in senior leadership in businesses globally. Insights and recommended actions which business leaders can take to increase gender diversity in their businesses are also provided.

Women in the boardroom: a global perpective

Fifth edition of the report by the Deloitte Global Centre for Corporate Governance, first published in January 2011 and last updated in May 2017, giving an overview of current initiatives around the world, both legal and regulatory, to increase the number of women serving on corporate boards.

A report into the ethnic diversity of UK Boards: "Beyond One by ‘21"

The findings of the Parker Review into ethnic diversity in UK boardrooms, published in November 2016 in association with EY and Linklaters. Recommendations include that each FTSE 100 Board should have at least one director of colour by 2021 and each FTSE 250 Board by 2024

The nomination committee - coming out of the shadows

ICSA / EY report from May 2016, structured into three main sections - Looking deeper into the company to identify and help to develop its future leaders; Casting the net wider to identify potential directors; Thinking further ahead than the immediate replacement of a retiring board member. Points for boards and nomination committees to consider are highlighted.

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