A decade into the 21st century, as businesses, markets, and customers are increasingly connected through the global economy, diverse points of view are essential to the growth of profitable corporations.
Missing Pieces shows that, six years after the first Alliance for Board Diversity (ABD) Census, not much has changed. While research points decisively to the benefits of a diverse boardroom— including enhanced financial performance—white men continue to dominate corporate boards and have, in fact, increased their presence since 2004. Women and minorities are still vastly underrepresented.
Unless this troubling trend is reversed and U.S. companies begin to reflect their shareholders, markets, and employees, they will fail to reach maximum potential as leaders in the global economy.
ABD calls on U.S. corporations to leverage the strengths of leaders from a variety of backgrounds and from all races/ethnicities and genders. We urge corporations to act now and join with ABD in our mission “to enhance shareholder value by promoting inclusion of women and minorities on corporate boards.” With so much at stake—particularly in an uncertain and sluggish recovery— diversity at the top can help ensure the sustainability of our businesses and economy.