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On a mission to help create
more diverse company boards

IN FINLAND, THERE ARE

161 LISTED COMPANIES

WITH

993 Board Positions

However, the seats are not divided evenly.

THE CHALLENGE IS CLEAR: WE DON'T HAVE DIVERSE BOARDS IN FINLAND

According to our recent review of listed companies, women are under-represented on boards

The proportion of women on boards is relatively small, and the situation is even worse for chairpersons. Only 27% of board members are women, and only 7% of chairs are women.

female

BOARD SEATS BY GENDER

female

CHAIRS BY GENDER

Among listed company boards, only 58 members are under the age of 40

Many boards do not have members under the age of 40, with 75% of boards operating without millennial views at all. The different perspectives brought by different age groups should be seen as more valuable.

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Diverse boards perform better

According to Harvard Law School’s report, research has revealed that board diversity and company’s financial performance are positively correlated.

This is supported by McKinsey’s Diversity Matters report, which shows that companies in the top quartile for racial and ethnic diversity are 35 percent more likely to have financial returns above their respective national industry medians. This is a proof point demonstrating why diversity is so important for companies. Diversity brings together different views, fresh thinking and unique expertise.

Achieving diversity cannot be driven by tokenism, but instead by a genuine appreciation of diversity. Such thinking also helps to understand the importance of diversity, as it no longer focuses solely on meeting minimum standards, for example with regard to gender quotas, but instead seeks to obtain the widest possible sample of different perspectives on boards. (Source: Harvard Business Review)

 

To learn more about diversity and inclusion, please visit Inklusiiv’s data bank.

Prönö is here
to help!

Prönö is a platform that can help you find the right people at the right time. 

 

On Prönö, you can find board members, sparring partners, mentors and service providers. There are already over 400 people interested in board positions!

 

Creating diverse boards has never been this easy. Follow one of these links to take the first step!

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