Corporate Secretary’s Board Diversity report presents data collected from a survey conducted among in-house governance professionals – such as general counsel and corporate secretaries – to give important insights into what types of board diversity information companies are reporting, whether they believe board diversity brings benefits and whether they are trying to enhance diversity on their board.
Findings in this report are based on data from an online survey conducted between March and June 2021.
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Key findings
- Almost half (48 percent) of respondents say their company does not disclose the racial composition of the board and almost a fifth (18 percent) don’t disclose its gender composition.
- Respondents at larger companies are more likely to use a matrix to present board diversity information: 20 percent of those at small-cap companies do so, compared with almost half (48 percent) of those at mega-cap companies.
- Respondents at larger companies are also more likely to have investors that ask about board diversity. Only around a fifth (22 percent) of respondents at small-cap companies say investors raise the subject, compared with almost three quarters (71 percent) of those at mega-cap companies.
- Almost nine in 10 respondents (86 percent) say board diversity helps create better board performance.
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