A diverse range of skills and experiences among directors ensures that the board can address complex challenges. Effective boards provide companies with different perspectives and directions, drawing on their wider external experiences. This diversity helps meet regulatory requirements, maintain accountability, and offer strategic counsel. Consistent with the 2022 findings, this edition reveals that the most common areas of expertise are Fund Governance/Professional Director, Portfolio Management and Fund Administration/Operations. Notably, the report also highlights a positive trend—female representation on boards has risen from 22% to 26%. This gradual shift toward greater gender diversity enriches discussions and fosters more innovative problem-solving, further strengthening the overall effectiveness of boards.