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Age diversity on the Boards of AIM companies – good for business?

by on November 17, 2014

Boards of AIM companies are not as diverse as they could be, according to this article on the City A.M. website.

Reporting research from consultants Norman Broadbent, it seems that women are still under-represented on the boards of AIM companies, particularly in industrial and construction sectors. AIM was launched in 1995 and is the London Stock Exchange’s market for smaller and growing companies.

And what about age diversity?

Interestingly, what are called small-cap and fledgling firms (the junior AIM market) have the most age diversity on their boards, with directors’ ages ranging from the mid-20s to 94.

At 94, Jacques Gaston Murray is currently the oldest serving chairman of a listed company, and chairs two Aim-listed firms – hire company Andrew Sykes Group and fire protection business London Security. The youngest chairman, Eitan Mil­gram (35), also presides over an Aim-listed firm, German-focused property company Treveria.

Apparently the research by Norman Broadbent (which I’m afraid I couldn’t locate on their website) is said to show that the boards that had fostered diversity also showed improved performance, “un­der­lining the business case for widening companies’ pool of executive talent”. It’d be interesting to have more information about both diversity and performance were measured and assessed.

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