The Central Bank of Ireland (“Central Bank”) has published its findings from a review of board effectiveness through the lens of diversity and inclusion (“D&I”) in the fund management company (“FMC”) sector — the first standalone D&I review conducted in this sector. The Central Bank’s overall assessment is that, while some positive practices were identified, more work needs to be done to enhance board effectiveness through the lens of D&I, with issues identified in governance processes across all firms reviewed and varying levels of understanding of D&I leading to uneven embedding of D&I across those governance processes.
