Throughout 2017 we are conducting a major campaign on diversity entitled breaking the mirror image. This draws together streams of activities designed to encourage wider, more diverse participation on trustee boards and across the industry.
Diversity on boards has been a major theme of government policy for several years and whilst there has been some progress, many pension fund trustee boards and the top levels in our executive teams lack diversity. There are lots of aspects to diversity – ethnicity, sexual orientation, age, socio-economic groupings and disability. With 83% of the governance bodies of private sector pension funds being male, we plan to take gender as our starting point, however, there remains much for us to do.
Future initiatives include training and development for scheme executives, trustee chair events and developing best practice guidelines for recruitment and succession planning.
Diversity was a major theme at our 2017 Investment Conference in Edinburgh. The above video shows a panel discussion on diversity, beginning with the PLSA team privilege walk, which powerfully illustrates the diversity challenges of any workplace. After watching you can download the privilege quiz and find out your score.
In the above film, Business Author and Former CEO Margaret Heffernan speaks at PLSA Investment Conference 2017 on why real collaboration means valuing every voice.