You’ve Committed to Increasing Gender Diversity on Your Board. Here’s How to Make it Happen.
Posted August 20, 2019
After years of asking corporate directors about the importance of diversity in the boardroom, we’ve got some good news: the vast majority see value in including more women and minorities. Nearly 95% of directors agree that diversity brings unique perspectives to the boardroom, while 84% believe it enhances board performance, according to our 2018 Annual Corporate Directors Survey.
Progress remains slow. Women hold just 24% of S&P 500 board seats, up only 3 percentage points since 2012, despite constituting 47% of the U.S. workforce and driving 70% to 80% of consumer spending everything from food and electronics to healthcare and financial services.
We’re also seeing signs of “diversity fatigue”: 52% of the directors in our survey say they think diversity efforts are motivated by political correctness, and 48% believe shareholders are too preoccupied with diversity.