When Boards Broaden Their Definition of Diversity, Women and People of Color Lose Out

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Executive Summary

As more companies herald cognitive or experiential diversity as a goal for their boards, the number of women and minorities serving as directors has stalled. Researchers looked at mandatory proxy disclosures and conducted interviews with board directors and recruiters. They found evidence that boards are increasingly interested in hiring new directors with a wider array of technical skills and professional backgrounds, and that the focus on demographic diversity has waned. At the same time, women and minorities’ inclusion on boards has flatlined or, in some…

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