Back to basics: financial literacy for board members

THESE days, it is nigh impossible to discuss the selection process of members to corporate boards without also raising the question of diversity.

As recent headlines, including the one involving Apple, remind us, diversity on a board of directors is a hot topic for not just shareholders and investors, but also for the company itself.

The received wisdom is that diversity adds a greater depth of thought, experience, knowledge and perspective to a company and how it does business.

And as any investor knows, diversification is a handy tool for minimising risk.

While social diversity based on gender, age, ethnicit…