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Blog : BOARD TALK

Hermes To Vote Against Re-Election Of Nomination Committee Chair At Rio Tinto plc Due To Lack Of Progress On Diversity

Posted on April 11, 2017 at 12:25 PM

It's the Rio Tinto AGM tomorrow - and Hermes Investment Management intends to put its votes firmly behind stated policy on gender diversity as a priority.


"Due to the lack of diversity and a credible plan to address this imperative issue, and consistent with our voting policy, Hermes EOS recommends voting against the re-election of Jan du Plessis in his capacity as chair of the nominations committee at R...

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UK plc Starts To Focus On Real Diversity/Shareholder Engagement Slides -Report

Posted on November 18, 2016 at 1:40 PM

The topic of wider diversity - beyond gender - is at last beginning to move to centre stage in the UK's listed businesses, according to a report just out. A review of the annual reports of some 308 FTSE 350 companies finds 76% of companies mentioning aspects of board diversity other than gender - up from 56% in 2015.


This annual corporate governance review from professional services firm Grant Thornton UK LLP comes soon after the UK government-sponsored review by Sir John Pa...

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CBI Backs Review's Call To Increase Ethnic Representation On UK Boards

Posted on November 2, 2016 at 10:50 AM

It should not have taken this long, and it did not really need yet another piece of research to establish that ethnic diversity across UK boardrooms is "disproportionately low."


But this time it is a government-backed review, led by Sir John Parker, and it has immediately been backed by Britain's powerful business lobby group, the Con...

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UK Law Firms - Never Mind AI - Watch Out For The Gender Pay Gap

Posted on October 25, 2016 at 5:05 PM

The writing is on the wall for UK law firms - covered by me on Forbes regarding digital transformation and the opportunity as well as the disruption offered by Artificial Intelligence.


But there's another very important transformation they face - meeting demands on gender diversity.


On Page 47...

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CBI Spells It Out On The Power Of Inclusion

Posted on October 18, 2016 at 5:20 PM

The UK's Confederation of British Industry (CBI) is essentially a lobbying group for business. It sees itself as "the UK's premier business organisation" whose purpose is "helping business create a more prosperous society."


So, when it suggests "Businesses should consider using name-blind recruitment and extending competency based assessment to challenge unconscious bias" you might think that's a good idea - but hey...

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FCA Pledges To Walk The Walk On Diversity

Posted on October 11, 2016 at 2:05 AM

There's nothing quite like 'walking the walk' - instead of 'talking the talk.'


This might well pose translation problems out of English as it is wonderul this blog has always had a global audience... but, hey - that seems to be the least of the problems on governance that abound. 'Walking the walk' means doing what you say you intend to do.


Before those who are disgruntled decide to troll me on Twitter (attention Tim Bush and any other analysts

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Number Of Institutional Investors Placing Emphasis On Gender Diversity More Than Doubles - Survey

Posted on September 29, 2016 at 2:45 PM

The number of institutional investors who believe that the gender diversity of the senior management of an investee company is 'vitally important ' or 'important' has more than doubled in 12 months, an annual survey of over 100 leading UK and European institutional investors has found.


In 2015, only a quarter of investors surveyed placed importance on gender diversity. But in 2016 it seems a total of 51% of investors agreed on its importance.


The annu...

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UK Boards Turn Up Their Noses At Academics - Why ?

Posted on September 27, 2016 at 6:00 PM

There are currently 59 directors with an academic background serving on Fortune 100 boards in the United States.Guess how many non-executive directors with an academic background there are on the boards of FTSE 100 companies? EIGHT.


This is according to research undertaken by Oxford Brookes University’s Centre for Diversity Policy Research and Practice. It was commissioned by the 30% Club Higher Education Working Group and co-sponsored by KPMG in the UK.

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Understanding Data Alert On UK Gender Pay Reporting

Posted on April 25, 2016 at 12:55 PM

It's Monday, it's freezing, and we can't stop talking about the UK weather. So let's talk about the semblance of fog in boardrooms when it comes to the use of data.


First up this morning was my piece on Forbes on European CFOS, their understanding of 'margins' and their use of data in pricing. The UK, by the way, is ...

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UK Middle Manager Pay Rises: Let's Talk About Diversity

Posted on January 18, 2016 at 12:10 PM

Back in the heady days of 2011 when we all spent a lot of time in the UK talking about gender diversity, there was just the very occasional mention of something rather important: the role of (mostly male and probably mostly white) middle managers in UK plc when it comes to the promotion of diversity.


Today, five years later, we learn that when it comes to middle management, the UK ranks highly in Europe in terms of its base-salary offering, moving past Denmark, Belgium and N...

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