Diversity Discussions: The impact of Balance for Better Business in Ireland

Balance for Better Business Action plan

Balance for Better Business is calling for significant reform to ensure women play a greater role at board level and in senior leadership teams. The group has set clear, actionable and progressive targets, not only for listed businesses, but private Irish-owned companies too.

Each year, the commission releases a report with their recommendations for businesses across the country. As of their 2021 report, here are their three key recommendations:

1. Plan to set targets and achieve them by having an action plan
2. Act to build a gender balanced succession plan
3. Report for transparency and accountability

Progress of the Balance for Better Business Group to date

The group has had backing from major national institutions, like the Bank of Ireland, which has leant enormous credibility to the campaign.

Overall, there has been amazing gains for women in businesses across Ireland. Key milestones, since the launch of the group, include:

• 41% of appointments to the board at listed companies Euronext Dublin were female, with 30% for large privately-owned businesses
• 30% of board members in listed companies are now women
• Out of the 29 EU nations, Ireland now ranks 12th for gender balance on company boards, up from 17th in 2018

Ultimately, female business leaders in Ireland face the same challenges as women in business all over the world. Like many countries, Irish businesses remain male dominated environments. The number of all-male boards has decreased significantly, to only five. However, there are still a number of exclusive male leadership teams across listed companies (34%) and Irish privately-owned companies (20%).