A new study from BoardEx looks at the benefits of having a diverse leadership team and the power of data visualization to measure it.
Veteran talent experts Dominic Lévesque of Tatum, Marion Spears Karr of Comhar Partners, Kelli Vukelic of N2Growth, Pamela Ruebusch of TSI Group, Carmen Scanlon of WilsonHCG, Smooch Repovich Rosenberg of SmoochUnplugged, Ruben Moreno of Blue Rock Search, Alex Verdecchia of McDermott + Bull, Sally Bryant of Bryant Group, and Deborah Page of The McCormick Group weigh in.
November 2, 2022 – Regardless of industry, size, or goals, every organization will face its own set of ongoing challenges, from new competitors and market fluctuations, to media scrutiny, to evolving technologies. A leadership team and board that embraces a diverse combination of skill-sets and perspectives is better equipped to navigate challenges as they arise.
A recent analysis by BoardEx explores the benefits of having executives and board members with diverse experiences and backgrounds. The study examines how some S&P 500 companies diversify their boards, and best practices for identifying new talent to help steer your organization. “Having a diversity of experience within a leadership team—both in terms of skill-sets and demographics—helps organizations remain agile, innovative, and better at navigating risk management,” the BoardEx report said.
A 12-year-long study conducted by AXA IM Rosenberg Equities found that U.S. companies with greater than 20 percent gender diversity on their boards have higher profitability in the future compared to organizations with lower diversity. The same study discovered that gender balance can also protect businesses from competitive pressures.
Read the rest of the article that was originally publish on Hunt Scanlon.