It is inexcusable that there is no racial or gender diversity in corporate boards. A diverse board will assist companies in incorporating the demographics of their communities and make better decisions. It will also enhance their reputation. It is essential that companies and federal policymakers concentrate efforts on building fair systems, identifying and attracting talented individuals, and reforming 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 should be to identify candidates with a wide array of skills, abilities and experience. Board members with diverse backgrounds can bring new approaches to the table, challenge the status quo, and make more innovative decisions that generate long-term value.
You can choose to recruit according to a mix of factors such as education, age and professional experience. For instance, if the board is disproportionately composed of people who have a degree in engineering, you might be considering adding directors with backgrounds in marketing to facilitate an overall discussion.
Some companies go as far as making an official commitment to diversity. This is an excellent method of holding the management team and board members accountable. You can also make use of your board portal to run an audit of diversity, which will highlight areas in which you need to bolster your workforce.
www.board.international/how-to-increase-corporate-board-diversity/
