Four Steps to a More Diverse Corporate Board
The number one issue in corporate governance is the diversification of boards. Despite their claims otherwise, corporations are not doing a good job with diversifying boards. Boards are a self-selected and homogenous group. Nomination committees prefer people who are known to them or are drawn from within existing contacts. Furthermore, lack of turnover on boards slows any diversity initiatives. Furthermore, as a Spencer Stuart survey discovered, two thirds of corporate directors stated that the
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