Asian Investors Raise the Bar on Gender Diversity 

The Asia Securities Industry & Financial Markets Association (ASIFMA) has published guidance on investors’ expectations on gender diversity to support understanding, engagement and disclosures among issuers. The guidance from ASIFMA’s asset management group (AAMG) included gender diversity recommendations at board level, across the company and as part of a wider diversity strategy. AAMG’s guidance document said the need for greater gender diversity is “increasingly acknowledged” by companies, as well as being emphasised by regulators and investors. It said board gender diversity is just one indicator that companies should be looking to achieve, noting that company-wide policies, programmes, metrics and targets to promote diversity, equity and inclusion are “critical” to establishing a more diverse and inclusive corporate culture. Yvette Kwan, AAMG’s Executive Advisor, said: “While there has been significant progress in gender diversity for companies in Asia, there is still much more work to be done and we very much hope that our follow-on guidance provides helpful insights to support further development in this continuingly important focus area for investors.” 

 

 

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