kaal:claim:3071378-027

Because directors must act in good faith and in the best interests of the corporation, and a diverse board helps protect against group thinking, fiduciary obligations supply a business reason for board diversity.

Source quote, verbatim

Arguably, a diverse board helps protect against group thinking which is in the best interest of the corporation.

From

Wulf A. Kaal, Blockchain Technology and Race in Corporate America (2017), III.3 Boards of Directors, p. 20
https://ssrn.com/abstract=3071378 · source PDF

Cite as

Wulf A. Kaal, Blockchain Technology and Race in Corporate America (2017). SSRN: https://ssrn.com/abstract=3071378

Holds when

boards subject to fiduciary duties of care and good faith

Classification

normativesupport: arguedcorporate-governance

Verify

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