Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Other Voices: Gender diversity on fund boards - addressing the gap

Wednesday, November 25, 2015

By: Carne Group

The issue of a lack of female directors on corporate boards has risen up the regulatory and political agenda recently, and managers of public money in particular are focusing on the issue of diversity on fund boards. A recent article published by FT Ignites has pointed out that women currently hold just 10% of the directorships on the boards of Europe's 30 largest cross-border funds (this figure rises to 13% when the directors of management companies are included).

Analysis by BoardIQ of 1,098 directors on 145 fund boards found only 20% of boards had a female director. Carne's own experience of board composition broadly supports this finding.

To continue the debate, Carne recently hosted an interactive and lively seminar in front of a full house in Luxembourg, where a panel of senior executives addressed some of the core issues facing fund boards and their stakeholders when it comes to tackling the widening diversity gap between the corporate boardroom and the fund sector.

Initiatives to increase female board representation are varied, including voluntary targets, quotas, and more corporate transparency. Gender diversity also varies widely from jurisdiction to jurisdiction, with the Scandinavian countries leading the way. In some important offshore fund jurisdictions data is still currently unavailable and it remains difficult to build an accurate overall picture of gender diversity on offshore or cross-border fund boards and management......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1