Diversity and inclusion in pension fund boards

“Concrete policies and inclusive culture needed to effect real change”

Diversity and inclusion in pension boards can lead to an enrichment of perspectives, more balanced decision-making, less tunnel vision and increased legitimacy. In view of these benefits, the diversity in pension funds has increased in recent years. However, not all boards achieve the targets laid down in the Code of the Dutch Pension Funds. This exploratory study examined which factors might enhance and hinder diversity and inclusion in pension fund boards.

 

Key Takeaways for the Industry

  • Integrate diversity into the recruitment and selection process and minimise implicit bias.
  • Cultural diversity merits further attention.
  • More insight is needed into how stakeholders, such as labour unions and internal supervision, can promote diversity in boards.

Netspar, Network for Studies on Pensions, Aging and Retirement, is a thinktank and knowledge network. Netspar is dedicated to promoting a wider understanding of the economic and social implications of pensions, aging and retirement in the Netherlands and Europe.

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