Corporate Board Diversity

The absence of racial or gender diversity on corporate boards is unacceptable. A diverse board can assist companies to more accurately reflect the population metrics of their communities, make better choices based on a broad range of perspectives and experiences and boost their reputation. It is vital that companies as well as federal policymakers hone their efforts on creating equitable systems, and in identifying and attracting talents, and rethinking the selection process to increase diversity within American companies.

Many board diversity discussions revolve around the www.board.international/how-to-increase-corporate-board-diversity/ need to address a skewed demographic representation of the business, but the primary goal should be to find candidates with a broad range of skills, abilities, and experiences. Diverse board members can bring new perspectives to the table, challenge the status quo, and make more innovative decisions that drive long-term value.

You can make a decision to target recruitment by combining factors such as education, age and professional experience. If your board is predominantly made up of people with degrees in engineering, for instance, you may want to include a director who has prior experience in the marketing field to facilitate a more comprehensive discussion.

Some companies even go as far as making an announcement about their commitment to diversity. This is a great method of holding the management team and board members accountable. You can also run a diversity assessment through your board portal that will identify the areas that you should strengthen your workforce.