entity · derived
Board diversity
Derived node: assembled mechanically from the claims carrying board-diversity. A roster, not an adjudicated definition.
Every claim under this term
- 3071378-023 : A corporation that lacks diversity and allows group thinking will struggle to identify issues because it needs a fresh perspective, which harms the corporation long term by reducing its ability to ide
- 3071378-025 : By some estimates the lack of inclusion of minorities in corporate America costs the U.S. economy one trillion dollars per year once the pay gap between whites and minorities is taken into account.
- 3071378-026 : Allowing minorities onto the board increases creativity through the different perspectives they represent, which acts as a defense against groupthink.
- 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 boar
- 3071378-028 : Minority board members are expected to bring in minority clientele, so where the corporation's product is not used by minorities the minority director is perceived as a failure, which stigmatizes mino
- 3071378-029 : Because a small group of minorities serves on a large number of boards, corporations in fact lose the diversity of viewpoints they were seeking when appointing a minority board member.