A final word

There is no one-size-fits-all solution, and making a difference can take longer than we think, and will require commitment and leadership.

Better gender balance, ethnic, cultural, skill, experience and age diversity on the board requires a shift in board composition and culture. An inclusive culture underpins diversity of perspective and thought on the board, and enables better decision-making and long-term business sustainability.

We need to take up the diversity challenge. Real change will take a cultural shift and a multi-pronged approach.

There are many organisations and initiatives focused on supporting diversity, such as Global Women and Champions of Change, NZ Asian Leaders and the Ministry for Women. IoD initiatives include Mentoring for Diversity and the Future Directors programme.

This guide aims to complement these initiatives to help boards get on board with diversity and access the best talent to help drive success and business sustainability. Ultimately, however, it is up to boards and chairs to commit to making diversity and inclusion a priority.

Acknowledgment

There is an abundance of information on women on boards, diversity and inclusion. In developing this guide we want to particularly acknowledge the work of the National Association of Corporate Directors (US), Australian Institute of Company Directors, Juliet Bourke and Deloitt e, Catalyst, Credit Suisse, McKinsey & Company, Tomorrow’s Company, Korn Ferry Institute, and the Ministry for Women.