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Pale, Male, and Stale

Bill Coffin | January 26, 2016

The call for greater boardroom diversity is not merely a matter of political correctness; it’s a matter of modern business planning, and most of all, a matter of regulatory compliance. And yet, despite the strides being made here, there is still much more ground to cover, and progress seems to be awfully slow in the arrival. What’s going on?

We are all familiar with SEC regulations that call for a greater boardroom diversity, citing that a broader range of mindsets, viewpoints, areas of expertise, and professional backgrounds can provide more meaningful top-level oversight and strategic vision for an organization. We are living in an increasingly diverse world, and the Board presence and upward mobility for women and professionals of different ethnic groups is a world beyond where it was 30, 20, or even 10 years ago.

And yet, we see in more than a few industries a condition that I’ve heard referred to as...

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