At least a dozen states, to date, have enacted or are weighing statutes that directly tackle diversity in the boardroom—or lack thereof. While some states mandate strict quotas, others are taking a softer approach by urging diversity efforts through disclosure requirements. In either case, corporate boards that have not already done so would be wise to begin strategizing their diversity efforts now.
To be clear, the biggest mistake any board can make is to view and approach diversity and inclusion (D&I) as a check-the-box compliance requirement. Prudent boards that have made the largest gains in D&I efforts acknowledge it’s simply a smarter way to do business.
