Diversity & Inclusion While some rms are starting to make progress, much more needs to be done to increase the diversity of experience, thought, background and attributes at senior levels, to reduce the likelihood of groupthink, reduce overcon dence, improve decision-making, increase the level of internal challenge, improve risk management, and reduce excessive resistance to external challenge.
This is becoming even more important as we strive to deal more effectively with the complex challenges we face today and respond to the evident unequal effects of the pandemic. It is in times of change and uncertainty when qualities such as resilience and innovative thinking are essential, and the value of diversity of background, thought and experience are all the more important.