Annalisa Barrett and Susan Angele of the BLC review trends in board diversity disclosures at S&P 500 and Russell 3000 companies.
In today’s business environment, boards need directors with diverse backgrounds and perspectives. Transparency about board composition is key to building trust. Investors, employees, and other stakeholders are demanding increased disclosure on many aspects of board diversity to hold companies accountable, measure against their policies, and track progress over time.
Amid this environment, the KPMG Board Leadership Center (BLC) has been tracking public company board diversity disclosures since January 2021 through the KPMG Board Diversity Disclosure Benchmarking Tool, powered by ESGAUGE. We have found that:
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