BoD Composition and Skill Sets

Key Considerations

Diversity and Stakeholder

Expertise Representation

Multifaceted Understanding
Challenges Impact
Innovation and Mitigating Risks
inclusivity Transparency and
Stakeholder Accountability
Engagement Ethical Culture
Future-proofing

Independence

Ethical Decision-
making
Credible Reporting
Accountability and
Transparency
Long-term Interests
 DIVERSITY & EXPERTISE

Multifaceted Challenges: A well-rounded board

requires expertise in environmental science, social
impact analysis, and governance to tackle the
complex and inter connectedness of ESG issues.

Innovation and inclusivity: Diverse backgrounds in

gender, ethnicity, and professional experience bring
fresh perspectives, fostering innovative solutions and a
deeper understanding of stakeholder needs. This
fosters inclusivity while also being strategically
beneficial.

Stakeholder Engagement: Diverse Boards can better

connect with employees, customers, and
communities, strengthening relationships and
communication regarding ESG matters.

Future-proofing: Understanding emerging trends and

societal expectations allows companies to proactively
address ESG issues and become leaders in responsible
business practices.
 INDEPENDENCE

Ethical Decision-making: Independent directors offer

objective and impartial perspectives, free from
conflicts of interest, to prioritize longterm
sustainability over short-term gains.

Credible Reporting: Their objectivity enhances the

credibility of ESG reporting, ensuring genuine
commitment to sustainability beyond mere marketing
strategies.

Accountability and Transparency: Independent

directors act as a check and balance, challenging
management, advocating for responsible practices,
and fostering transparency.

Long-term Interests: Ultimately, an independent

board promotes the longterm interests of all
stakeholders, including shareholders, employees,
communities, and the environment.
 STAKEHOLDER REPRESENTATION

Understanding Impact: Including stakeholders

(employees, customers, communities, and investors)
ensures a comprehensive understanding of the
environmental, social, and ethical impacts of
business decisions.

Mitigating Risks: Diverse viewpoints help identify and

mitigate risks associated with ESG challenges, offering
a broader perspective beyond shareholder-centric
views.

Transparency and Accountability: Stakeholder

representation fosters open communication and
accountability between the board and those affected
by the company’s operations.

Ethical Culture: This inclusivity aligns with social

responsibility, contributing to a more ethical and
sustainable corporate culture.
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