Board Diversity
I- Benefits to organizations Board diversity brings numerous benefits in the context of corporate governance. Here are some key advantages: Broader understanding of stakeholders: Diverse boards encompass a range of perspectives that reflect the interests of various stakeholders, including employees, customers, suppliers, and the communities in which the company operates . Board members from different backgrounds and demographics bring unique insights into the needs and preferences of these stakeholders. This understanding enables boards to make more informed decisions that consider the broader societal and ethical implications of their actions. Improved corporate performance: Research has shown a positive correlation between board diversity and corporate performance. Companies with diverse boards tend to outperform their peers in terms of financial performance, innovation, and long-term value creation. Diverse boards foster an enviro...