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You’ve committed to increasing gender diversity on your Board. Here’s how to make it happen.ND
Paula Loop & Paul DeNicola, Harvard Business Review, Monday 18th February 2019
There’s good news for diversity on boardrooms. The vast majority of corporate directors see value in including more women and minorities, with nearly 95 per cent of directors agreeing that diversity brings unique perspectives to the boardroom and 84 per cent believing it enhances board performance. What’s more, the number of directors who rate having female board members as ‘very important’ has nearly doubled since the last time the question was asked, rising from 25 per cent in 2012 to 46 per cent today. However, there are also signs of ‘diversity fatigue’, with just over half of directors saying they think diversity efforts are motivated by political correctness, and 48 per cent believing shareholders are too preoccupied with diversity. So where to from here? Five recommendations: review the benefits, understand that one isn’t enough, rethink director criteria, require a 50-50 slate, and expand the size of the board.
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