by Barbara Blackford
Board diversity in the United States has remained
relatively unchanged, despite a variety of developments affecting United States
public companies, including an increased emphasis on business justifications
for diversity and increased disclosure requirements related to diversity,
according to a recent Director Note entitled Revisiting Justifications for Board Diversity published
by The Conference Board. The Director Note also reports, however,
that the existence of an outlined strategy for implementing a diversity
initiative was an important factor in the overall success of such an
initiative, according to one study.
To assist companies seeking to increase gender diversity
of their boards, The Conference Board announced this week the release of an
innovative scenario modeler developed by The Conference Board and Georgetown
University's McDonough School of Business in partnership with The SAIS Center
for Transatlantic Relations at Johns Hopkins University. The model draws
on historical data from 2,749 U.S. public companies to examine the evolution of
gender diversity on U.S. corporate boards each year between 2011 and 2040. The
interactive model allows users to adjust board characteristics to assess how
departures from today's prevailing corporate governance trends could accelerate
or impede the progress toward greater gender parity in coming decades.
Read the rest of this article on the Governance Center Blog
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