California Law To Mandate Racially Diverse Boards Could Speed Change
Companies may soon find themselves being asked to explain why they have a lack of ethnic diversity in their boardroom. Consider these proactive steps.
Companies may soon find themselves being asked to explain why they have a lack of ethnic diversity in their boardroom. Consider these proactive steps.
“Focus on the things you can control,” says Ellen Kullman, who, as lead director of United Technologies, helped guide the company during a tumultuous transformation.
Assembling a diverse group of directors is a good start, but it takes strong board leadership to create a culture that embraces it.
Some might interpret the move as a statement that white directors resigning is the only way to bring diversity to the board. That’s not what this is about.
The protests around the country address an issue larger than police brutality and, if there is to be any long-term sustainable change, it’s an issue that must be addressed by corporate America.
The current crisis may be proving the theory that bucking the specialist director trend was, and is, the right way to go.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.