Since the 1970s, corporate boards have included more women and minorities. But those gains are likely to change after a US Supreme Court ruling and increased conservative resistance.
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Musk can’t dodge this ruling by moving Tesla’s incorporation to Texas.
October was Women’s History Month in Canada, but some challenges, such as the notable absence of Black women in the highest echelons of corporate leadership, are far from in the past.
Although LGBTQI+ people certainly enjoy greater career opportunities than their peers a few decades ago, it is exceedingly rare to see them on corporate boards.
Companies must strengthen their boards if they want to survive these uncertain times.
The view that long-serving directors are so enmeshed with the company that they lack independence is gaining traction.
A new study involving extensive interviews with dozens of directors shows that they see their roles as more about supporting executives, not challenging them.
Just as women were unseen until recently, due to institutional sexism, as appropriate candidates for board positions, racialized Canadians are also dismissed due to institutional racism.
After firms add more women to their board, dangerous medical products are recalled more quickly.
Quotas intended to increase diversity among corporate board members are likely to lead to token appointments and fail to bring about real change.
More women on corporate boards means more opportunities for women, and better performances by businesses.
The consequences for board members of corporations found to violate the law and ethical norms are rare and usually minor.
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