Diversity supports the Board of Directors’ optimal competence profile, which enables the Board to support Neles in achieving its strategic goals now and in the future. Important diversity factors for Neles’ Board of Directors are:
- mutually complementary expertise
- educational background
- experience in different professional areas and industrial sectors
- experience in businesses in various stages of development
- experience in international operating environments
- leadership experience
- personal capabilities
- cultural background
- age and gender breakdown
When planning the composition of the Board of Directors, the Nomination Board takes into consideration the needs and development phases of Neles’ businesses and the competence areas required by the Board and its committees. In addition, individuals must be qualified for the position, a good fit with Board’s competence profile and able to allocate enough time to carry out their responsibilities. To achieve a balanced representation of genders within the Board, the Nomination Board seeks to include representatives of both genders in the Board candidate search and evaluation process. The status and progress of diversity is monitored by the Nomination Board in its self-assessment. There is no specific order of appointment of the Board members.