Executive Summary
Significant benefits can accrue from having a demographically diverse boardroom. Among other things, a demographically diverse board is more likely to represent the composition of a company’s employees, customers, and suppliers and can therefore provide a board with a better understanding of the company’s key constituencies. Thus, a demographically diverse board may help a company identify and respond to market shifts and changes in consumer expectations more effectively than a homogenous board. But this is only true if the board maintains cognitive…
