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> Has there been any studies to determine that a diverse board is actually valuable? Define "valuable" please. Do you mean increasing monetary value for one co
by notacoward 7y ago
> Has there been any studies to determine that a diverse board is actually valuable?
Define "valuable" please. Do you mean increasing monetary value for one company in the short term? As it turns out, even that answer seems to be that yes, more diverse boards are valuable. Even more importantly, they're likely to be valuable across all measures (e.g. including worker satisfaction) and all companies in the longer term. Diversity brings perspective, which means better understanding of product opportunities and limitations. It improves connection with equally diverse customers and lower-level employees too. Over time it expands the pool of people who already have the experience and connections to succeed at their next job, and the top N% of a larger pool will outperform the top N% of a smaller one.
There are all sorts of reasons why a "diversity hire" might still be better for a company despite having infinitesimally lower grades at an infinitesimally less prestigious school, so "the best people for the job" probably doesn't quite mean what you think.
- VBprogrammer 7y agoHaving a single woman on the board to remind you that having tampons in the woman's bathroom is probably more important than making sure the developers have the exact kind of mechanical switch keyboard and the right variety of arabica beans. Having a single homosexual person to remind you that having the picture postcard white hetro couple in all of your adverts isn't very inclusive. Heck, some of these things might even cost you money but they are the right thing to do and requiring one person on the board to have some kind of diversity is an incredibly low bar.