Board Diversity: The Latest Business Disruptor?
The passage of the California law means the board diversity issue is not going away any time soon. In fact, it may have the potential to change the way that business is done.
The passage of the California law means the board diversity issue is not going away any time soon. In fact, it may have the potential to change the way that business is done.
It may no longer suffice when companies have made a “best effort” regarding their diversity efforts but have demonstrated little progress.
Teri McClure, an African American who serves on four corporate boards, reacts to Wells Fargo CEO Charlie Scharf’s recent gaffe and shares her views on recruiting and retaining diverse talent.
Boards should see this as an opportunity to reassess key environmental, social and governance challenges they face in the next five years and then consider how to use new metrics to communicate ESG strategy.
Knowing the past, and how it will play today, is the best way to get ahead of reputational damage. Here’s how boards can evaluate “historical risk.”
The Board Challenge will use a network of influential organizations and senior business and community leaders to encourage companies to add Black directors—an approach that hasn’t been tried before.