Conventional wisdom suggests a company's board of directors ought to reflect the diversity of its many constituencies, including its customers, employees, investors, and the community or communities it serves.
Not long ago, that logic was founded primarily on factors that had little to do with business success: a sense of social responsibility, the desire to create and maintain a positive public image and, frankly, efforts to avoid becoming the focus of activist groups and negative media exposure. In recent years, however, organizations have begun to recognize the virtues of director diversity run much deeper. Today, director diversity means good business.
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