The absence of racial or gender diversity on corporate boards is inexcusable. A diverse board will help companies more accurately reflect the population metrics of their communities, make better choices from a variety of experiences and perspectives, and boost their reputation. It is essential that companies as well as federal policymakers hone their efforts on creating equitable systems, identifying and attracting talents, and rethinking the selection process to increase diversity among American corporations.
A lot of discussions on diversity for boards revolve around the need take care of a disproportional representation of the population of the company, however the real objective is to find candidates with a wide array of skills, competencies, and experiences. Diverse board members bring new perspectives to the table and change the status of the game. They also make more innovative decisions that create long-term value.
You can make a decision to target recruitment by combining factors like the age, education level and professional experience. For example, if your click here for more info board is comprised of people who have a degree in engineering, you may want to consider adding a director with a background in marketing to help facilitate an broader discussion.
Some companies go as far as to make public statements about their commitment to diversity, which is a great way of holding the board and senior management accountable. You can also conduct a diversity assessment through your board portal that will highlight the areas in which you need to increase the diversity of your workforce.