British boardrooms remain conformist and conservative, and the role of non-executive directors is still unclear, despite the Higgs governance reforms, research has suggested.
The shake-up of boardrooms in the wake of the Higgs report has failed to materialise, added the research by business school Roffey Park and HR consultancy Cedar International.
Under the Higgs reforms, non-executive directors should be scrutinising and judging board strategy and performance, but more than not are failing to do so, it argued.
"Our study has highlighted how boards are becoming overly risk-averse with an emphasis on box-ticking style compliance rather than embracing diversity and utilising non-executive directors from a range of different backgrounds," said Linda Holbeche, head of research at Roffey Park.
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