Download this article as a PDF file.
There is no formal standardized source of racial/ethnic, LGBTQ+, or disability data regarding board composition among U.S. companies. Yet board diversity in all its forms has repeatedly been shown to improve company bottom lines.
• A 2022 study of over 4,000 North American companies once again showed that board gender diversity increases board effectiveness and is tied to better financial performance ...
• A study of 3,690 US firms from 2005 to 2019...reported that board genetic diversity improves carbon and governance performance and ESG disclosure.
• In an ongoing human capital/talent shortage environment, Accenture confirmed in 2023 its 2018 report findings: hiring persons with disabilities adds to the bottom line and those numbers have grown in the five years between reports.
There are Human Capital Management (HCM), Environmental/Climate Disclosure, and Diversity SEC regulations in process currently.
Given that these three issues—HCM, Climate, and Diversity—are closely related...bundling these topics by using a “Yes…and” approach can be easily utilized...