Clear link between board diversity and corporate performance
It augurs well that firms are taking board diversity seriously to help them thrive in an uncertain world, as seen in the significant reduction in companies with all-male boards
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THE relationship between board diversity and corporate performance is one that has been widely debated, with many studies done to try to prove whether board diversity makes an impact on performance.
But instead of referring to yet another piece of research, how about reversing the question to ask ourselves: Why wouldn’t board diversity affect performance?
In a scenario where there is no board diversity, would it enable faster board decisions in the absence of dissenting voices? Such boards may spend less time on meetings, but would it produce more holistic and considered outcomes?
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