Board Diversity Is Sacrificed When Companies Underperform

  • 📰 TIME
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Underperforming companies are more likely to experience a decrease in racial and gender diversity on their boards, a study found

ompanies that are underperforming in comparison to their competitors or to their goals are more likely to experience a decrease in racial and gender diversity rates on their boards, a newly releasedResearchers at Imperial College Business School in London tracked data from more than 700 U.S. firms from 1996 to 2013 to make the assessment.

“The board deliberately seeks new expertise and new perspectives among a variety of industries and backgrounds in the belief that it might rescue the company. But while this expertise came from a range of sectors, that’s as far as the diversity goes, in terms of race and gender,” Jung says. In 2021, women comprised just 27% of board seats among the 3,000 largest publicly traded companies incorporated in the U.S., and only 6% of those seats were held by women of color, according to a

Some countries in Europe have safeguards in place that would prevent progress on board diversity being rolled back. Gender diversity quotas are common in nations like France, Norway, Spain and Iceland, where women must make up at least 40% of boards at publicly traded companies, according to theWhile research about the benefits of gender-based diversity in the U.S.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Russian oil is being secretly loaded in Italy and Turkey! The traffic data confirm this!

White Americans' inability to face up to their 'Crutch of White Privilege' have made them defensive, reacting quickly to any threat to their social status. They'll concoct rationalizations of all sorts to justify their reactions but fail hopelessly to question their own motives.

There’s a good reason for that.

CubaEstadoFallido DesconozcanDitaduraCubana LibertadDignifadyVidaParaCuba RevolucionCubanaAsesina LibertadPatriayVidaParaCuba NoMasDictaduraCubana CondenaParaDictadoresCubanos

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 93. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Quantum outfit D-Wave goes public via SPAC mergerCompany had hoped deal would grant access to $300m trust account, but shareholders cleared it out
Source: TheRegister - 🏆 67. / 61 Read more »