8/24/16 10:02 AM CT | Author: Jeff Kelton, Section Membership & Marketing Specialist
The importance of board diversity – boards that are diverse in skills, background and experience as well as gender, race and tenure – and the related topics of board composition and board refreshment, have been a focus of governance advocates, investors and corporate boards for many years. While some skeptics view board diversity as a soft issue rooted in a social justice agenda, recent research by leading institutions is evidence that diversity in the boardroom, as well as on the senior management team, is correlated with better company performance and that diverse boards may be less susceptible to “group think” and other cognitive biases that can develop on boards with too much homogeneity.
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