Peter Grauer, Chairman of Bloomberg, states, “In business we have targets for performance. Board diversity should be no different. A company needs to be able to measure results and benchmark them against the industry. I should want to be better than my competitor on diversity because I know it will lead to better outcomes”.
Diversity of perspectives in the boardroom supposedly lead to better dynamics and governance. In a study of more than 100 of the Fortune 250 companies a board composed of directors representing a range of perspectives results in an environment of collaborative tension that is the essence of good governance. In a room where everyone has different points of view and there is a greater opportunity for cross-pollination of ideas, there are fewer unspoken assumptions, less “group think” and a greater likelihood of innovation (source).
Joining host Dennis McCuistion to talk about the critical role diversity and relationships play in good governance are:
- Deborah L. DeHaas, Vice Chair and Chief Inclusion Officer, Managing Partner; Center for Board Effectiveness, Deloitte and
- Billie Ida Williamson, Forrester and Company. Our expert’s state, an inclusive environment increases a board’s effectiveness.
Our expert’s state, an inclusive environment increases a board’s effectiveness.
Be sure to watch more McCuistion TV programs on our website www.McCuistionTV.com.
Thanks for joining us,
Co-Founder, Executive Producer, Producer
Business Consultant / Executive Coach, specializing in Organizational Culture Change, Governance and Strategic Planning
2406 – Originally aired 07.09.17