NEWS AND INSIGHTS UPDATE:
The National Association of Corporate Directors (NACD) released a new report today that details the strategies directors and boards can implement to advance boardroom diversity.
The Diverse Board: Moving from Interest to Action report was developed by the NACD Blue Ribbon Commission, comprised of representatives from the corporate directory community, CEOs, and other governance experts. The report addresses ideas and solutions to expand gender, racial, age, ethnic, and skill-based diversity in the boardroom so companies are better positioned to address operational and marketplace challenges.
Three action steps to advance boardroom diversity were identified in the report:
“The Commission’s challenge was to identify the barriers to diversity and provide a roadmap to bring new perspectives into the boardroom. The result was what this Commission calls a ‘Strategy of Inclusion.’ This three step strategy asks boards to: 1) Discuss their current composition, 2) select and implement solutions to improve board diversity, and 3) disclose their search process and the potential value diversity brings to the board.”