D&I and Fund Board Effectiveness – Central Bank of Ireland’s Report

This Factsheet is in collaboration with Simmons & Simmons

This factsheet outlines the Central Bank of Ireland’s review of diversity and inclusion in fund management company boards and its impact on board effectiveness. It highlights strengths and gaps across board composition, evaluations, succession planning and decision-making. While some good practices exist, firms show uneven understanding and application of D&I. Key improvements include better governance processes, clearer policies, stronger oversight, and embedding D&I into all board activities to support effective decision-making.

About Simmons & Simmons

Simmons & Simmons LLP is an international law firm founded in 1896. The firm has grown to become a leading global legal practice, with offices across Europe, the Middle East, and Asia. Simmons & Simmons is known for its expertise in sectors such as financial institutions, asset management and investment funds, healthcare and life sciences, and technology, media and telecommunications. The firm provides a full range of legal services, including corporate, dispute resolution, employment, intellectual property, and regulatory advice. It serves a diverse client base that includes multinational corporations, financial institutions, and government bodies. Simmons & Simmons is recognised for its innovative approach, commitment to client service, and strong international capabilities.