Diversity in the boardroom is now seen as good business practice—supporting enhanced decision-making, market understanding and employee engagement. Regulators and investors see the value in board diversity, and are willing to engage on the issue where weaknesses are identified. There is also a penalty for low diversity: companies in the bottom quartile for both gender and ethnic/cultural diversity were 29% less likely to achieve above-average profitability than all other companies. This white paper discusses the key steps to achieving a diverse boardroom.
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