Solving the Board Diversity Imperative

Research studies have repeatedly shown that market caps are bigger and above-average financial returns are on the top quartile when there is gender, racial, and ethnic diversity on corporate boards. Not to rrention the social and cultural lift that occurs when customers and employees can see people...

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Bibliographic Details
Published in:Directors and Boards 2019-07, Vol.43 (5), p.47
Main Author: Victor, Kathy Higgins
Format: Article
Language:English
Subjects:
Boards of directors
Corporate governance
Minority & ethnic groups
Multiculturalism & pluralism
Workplace diversity
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Summary:Research studies have repeatedly shown that market caps are bigger and above-average financial returns are on the top quartile when there is gender, racial, and ethnic diversity on corporate boards. Not to rrention the social and cultural lift that occurs when customers and employees can see people "like me" in powerful positions. There are multifaceted reasons as to why many companies don't make more progress diversifying board composition. An honest and difficult assessment of these factors will help corporate boards make progress in a meaningful way.
ISSN:0364-9156