It is unacceptable that there isn’t gender or racial diversity in corporate boards. A diverse board can help companies better reflect the population metrics of their communities, make better decisions that are based on a wide range of perspectives and experiences, and improve their reputation. It is crucial that businesses and federal policymakers focus their efforts on establishing equitable structures, identifying and recruiting talent, and improving the process of selection to increase diversity within American companies.
The focus of many discussions on diversity of the board is the need to correct a skewed representation of the demographics of a company. However, the ultimate objective should be to identify candidates with a diverse range of abilities, skills, and experiences. Board members with diverse backgrounds can bring new approaches to the table, challenge the status quo, and make more creative decisions that create long-term value.
You can make a decision to target recruitment using a combination of factors like the age, education level and professional experience. For instance, if the board is comprised of people with a degree in engineering, you might be interested in adding an executive with backgrounds in marketing, to allow for a more holistic discussion.
Some companies go as far as making a public commitment on diversity. This is an excellent method of holding the top managers and the board accountable. You can also run an assessment of diversity through your board portal and highlight areas you need to strengthen your workforce.
https://board.international/how-to-increase-corporate-board-diversity/
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