Most Irish companies favour gender targets over quotas on boards, report finds

This IoD research comes after the recent decision by the Council of the European Union regarding boards, which notes that at least 40 per cent of non-executive director positions in listed companies should be held by members of the underrepresented gender by 2026. This EU decision will have to be transposed into Irish law.

The IoD report also found that a majority of business leaders believe the hybrid working model has had a positive impact on ensuring a more diverse and inclusive work environment. However, IoD chief executive Caroline Spillane added a note of caution, calling for closer monitoring of diversity and inclusion in the workplace in the post-pandemic era.

“We do not want a scenario whereby on the surface it seems like it allows for more recruitment of a particular group; however, in truth it means then this group cannot progress in their career as they are not visible in the office due to remote working,” she said. The findings also suggest diversity is important for board and company performance and effectiveness, with 85 per cent noting it as being relevant for boards, and 78 per cent for a company’s performance.

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