•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

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