Research has shown that companies with more diverse boards achieve better results and, when it comes to gender, having a 30% female board is the tipping point where we start to see better results.
If you don’t follow the sports industry it may surprise you to hear that, as of last year, a mandatory 30% female board has been enforced for all publicly funded organisations. For the sports sector, this is a great and progressive step forward. Although many still don’t reach the target, it’s now a priority for each company- which will lead to transformation.
Rather shamefully, an average of only 10% of board members are female in the tech industry. So, is this mandate transferable to all other UK industries that are falling behind? Is the answer to initially enforce diversity? Or should we let the evidence of better results speak for itself?