Board diversity—or rather the lack thereof—has never been under more scrutiny.
In recent years, money managers like BlackRock and State Street have called for more diversity across corporate boardrooms, with the latter going so far as to announce it would begin voting against companies without any women directors.
Legislation to encourage, or even mandate, diversity on boards is also gaining traction. In 2018, California passed a bill that requires every publicly held corporation in the state to have at least one woman serving on its board of directors, and New Jersey has similar bills under consideration. In June 2019, Illinois lawmakers passed legislation requiring publicly traded corporations in the state to report the racial and ethnic makeup of their boards. That information will be used to create a rating system assessing the representation of women and minorities on corporate boards.
Norman Broadbent plc (LON:NBB) is a leading Professional Services firm offering five interrelated Talent Acquisition & Advisory Services: Board & Leadership/Executive Search, Senior Interim Management, Research & Insight, Leadership Consulting & Assessment, and executive level Recruitment Solutions.