Forbes magazine publisher Malcom Forbes once called diversity “the art of thinking independently together.” When it comes to having a diverse board of directors, Forbes’ words have never been truer. Boards thrive on diverse thinking, but this thinking only comes with diverse members. So how can you improve the diversity of your board? Here’s a hint: It starts with your recruiting practices.
According to Jared Landaw of Barington Capital Group, L.P., as quoted in a recent reportpublished by The Conference Board, “Many CEOs are facing the most challenging business environment of their careers. Having a diverse group of directors to advise them on how to respond to issues and disruptions few have confronted before—including a worldwide pandemic, a lingering trade war, changing consumer preferences, and widespread protests over racial inequality—can be invaluable.”