Director Tip Sheet: Filling in the Missing Pieces on Boardroom Diversity
In brief: Shifting US demographics and a growing body of research that links greater diversity with stronger value creation and risk mitigation are trends that are pushing directors of both private and public companies to diversify their boards. In response, investors and some state legislatures are letting public companies know that they must either enhance their efforts around diversifying their boards or risk negative proxy votes and/or monetary fines. This tool offers guidance for directors who would like to make the case for a diversified board and accelerate action.
This resource can help your board to
- understand the current state of diversity in the boardroom,
- make the business case for greater board diversity,
- identify methods for building urgency around diversity and inclusion, and
- utilize tips for accelerating minority and women board representation, or “filling in the missing pieces faster.”