# kaal:claim:3071378-027

**Claim.** 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.

**Type.** normative  **Support.** argued

**Holds when.**

- boards subject to fiduciary duties of care and good faith

**Source quote.**

> 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, page 20

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

**Verify.** sha256 of source PDF `125f01674d13b6bb0310c4be7a20ff538dccbc36ecf352770b3c580028387edd` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Blockchain%20Technology%20and%20Race%20in%20Corporate%20America.pdf

**Topics.** corporate-governance

**Keywords.** fiduciary-duty, board-diversity, groupthink, business-judgment

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