Board Diversity
The practice of composing a board of directors with members who bring varied backgrounds, perspectives, and experiences, including diversity in gender, race, ethnicity, age, professional expertise, and cognitive approach. Research consistently shows that diverse boards make better decisions, improve financial performance, and strengthen governance. Many jurisdictions and stock exchanges now mandate or encourage diversity disclosure and minimum representation standards.
Related Terms
A group of individuals elected by shareholders to govern a corporation, set strategic direction, and oversee management ...
A board committee (often combined with the nominating committee) responsible for overseeing corporate governance practic...
Environmental, Social, and Governance (ESG) is a framework used to evaluate a company's performance and risk exposure ac...
A structured assessment process used to measure the effectiveness of a board of directors, its committees, and individua...
More Governance Basics Terms
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