Boardroom diversity’s a bottom-line benefit
Turns out it’s not just the right thing to do. New data suggests that making your board more inclusive can help boost revenue.
A recent headline in “The Onion” offers a painfully accurate summation of corporate America’s approach toward leadership diversity: “Company struggling to find diverse leadership candidates among CEO’s golf buddies.”
While this goof certainly elicits a well-earned chuckle, C-suite uniformity is no laughing matter. The same goes for boardroom diversity, which new research from BoardReady indicates is tied to higher revenue.
Citing data from BoardReady, Axios reports that companies with more diverse boards performed better (in terms of revenue) than less diverse competitors during the pandemic.
The research also reveals:
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