Board diversity
Our policy on Board Diversity.
Board Diversity and Inclusion Statement
A culture which is inclusive and supports diversity is essential to the long-term success of our business and better enables us to respond to our stakeholder needs. We understand that a diverse Board brings a broad range of perspectives, insights and challenge which supports sound decision making. The Board sets the tone for inclusion and diversity across the business and we believe in having a diverse leadership team and an open and inclusive culture.
We believe a truly diverse Board will include and make good use of differences in the skills, experience, background, race, gender, disability, sexuality and other distinctions between Directors. These differences will be considered in determining the optimum composition of the Board and when possible should be balanced appropriately. All Board appointments are made on merit, in the context of the skills, experience, independence and knowledge which the Board as a whole requires to be effective.
Implementation
- In reviewing Board composition, the Nomination Committee will consider the benefits of all aspects of diversity in order to enable the Board to discharge its duties and responsibilities effectively.
- In identifying suitable candidates for appointment to the Board, the Committee will consider candidates on merit against objective criteria and with due regard for the benefits of diversity on the Board.
- As part of the annual performance evaluation of the effectiveness of the Board, Board Committees and individual Directors, the Board will consider the balance of skills, experience, independence and the diversity representation of the Board, including gender, how the Board works together as a unit, and other factors relevant to its effectiveness.
Women on Boards
Lord Davies’ Women on Boards Review (published in February 2011) recommended that Chairmen of FTSE 350 companies should ensure that their boards discuss the subject of female representation on their board, and set out their position.
As of today, the board numbers 9 in total, comprising the Chairman, 3 executive directors, 4 independent non-executive directors and a non-executive director. At present, 22% of the total board are women. By excluding Chris Parkin, who is a shareholder nominated non-executive director, the percentage of women on the board rises to 25%. Subject to the overriding principles and other factors set out above, we will aim to achieve and maintain female representation on the board at or above 30%.
Board & governance
At Jupiter, we are committed to maintaining high standards of corporate governance.