Holiday Inn 2013 Annual Report Download - page 64

Length of Non-Executive Director tenure
The current Non-Executive Directors’ lengths of tenure as
at 31December 2013 are illustrated below:
Board balance of skills and experience
Collectively, the Board has an appropriate balance of skills,
experience, independence, knowledge and diversity to enable
it todischarge its duties and responsibilities effectively.
Below is a chart showing the Board’s balance of skills and
experience:
Diversity and inclusion
With a presence in nearly 100 countries and territories globally,
webelieve that our leadership should reflect the diversity of our
employees, our guests and the local communities in which we
operate. The Board recognises the benefits of diversity throughout
our global business.
We continue to focus on providing an inclusive environment,
in which employees are valued for who they are and what they
bring to the Group, and in which talented individuals are retained
through all levels of the organisation.
Further details on our commitment to diversity and inclusion throughout
the business together with statistics are set out on page 23.
0-3 years tenure
50% (4)
7-10 years tenure
38% (3)
4-6 years tenure
12% (1)
Branded industry
29%
Marketing and sales
7%
International
25%
Finance
14%
Consumer
25%
Board diversity policy
Our Board diversity policy, introduced in 2013, aims to ensure that
diversity in its broadest sense remains a key priority of the Board.
Our objectives are as follows:
• whilst all appointments are made on merit, we seek to ensure
that the Board maintains an appropriate balance through a
diverse mix of experience, backgrounds, skills, knowledge
and insight, to further strengthen the diversity of gender and
experience already on the Board and improve it further;
• we commit to having diverse and inclusive leadership which
supports all colleagues in reaching their full potential, including
the development of a pipeline of high-calibre candidates from
within the business;
• we will maintain a level of at least 25% female directors on
the Board over the short to medium-term; and
• we will report annually against these objectives and other
initiatives taking place in the Group which promote gender
and other forms of diversity.
We are currently in compliance with all of the above objectives.
We firmly believe in the importance of a diverse Board membership
and fully support the UK Lord Davies Report on ‘Women on Boards’.
Currently, the Board includes four women (31%) and four nationalities.
Our current Board gender and nationality split is illustrated below:
Board gender
Board nationalities
Female
31% (4)
Male
69% (9)
French
8% (1)
Chinese
8% (1)
American
23% (3)
British
61% (8)
62 IHG Annual Report and Form 20-F 2013
Corporate Governance continued