Corporate boards have a diversity problem – and not just the one you think

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Canada,Success,Diversity

Yes, diversity is important and indeed vital for a company’s financial success. But we’ve been focusing on the wrong type of diversity

Tackling less visible diversity challenges in Canada’s boardrooms would make companies better situated to address some of the most meaningful challenges they and the economy face today and likely have the added benefit of making boardrooms more visibly diverse in a manner that drives shareholder value.Neil Desai is an executive in the technology sector and serves on the board of directors of private sector, charitable and crown organizations.

We’ve seen a rapid transition from tangible to intangible assets driving business strategies and outcomes. Hybrid work environments to maintain employee satisfaction while trying to improve productivity. Geopolitical unrest that could hinder critical supply chains or market access. This is not to say those professions are no longer relevant in modern governance and directors with decades of industry specific experiences aren’t valuable. Butbeyond management’s perspectives – to provide oversight and foresight and to challenge the status quo.

 

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