This issue includes comparative analysis of the fund board composition characteristics of 50 leading international asset managers. The composition of 1,018 funds were analysed from eight jurisdictions.
 
The NED’s analysis shows that the average board size of these funds is 3.25. The average number of independents per board is 70%. It also shows that 79% of these funds have directors from different organisations, or who are not otherwise connected to each other. The number of female directors on the boards of these 1,018 funds is 19%.

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Fund board diversity should be about an awful lot more than just adding a female director or two. That is a good place to start but it is no more than that. It is close to certain that in the ESG era ahead diversity on boards, as in the workplace, will come to be about more than addressing gender in-balance.

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