The Ugly Truth: Diversity in Fortune 500 Companies Unmasked

Lately, we have been voraciously reading the diversity and inclusion statements of Fortune 500 companies. They’re often lofty, idealistic statements meant to portray positive values that stakeholders can feel good about. But we like to look one level further as these statements are often shiny, buzzword-laden masks that are used to hide the ugly truth: many companies lack the diversity they claim to value.

Lessons For Increasing Board And Corporate Diversity

“We have yet to see a study that says board gender diversity is bad for business. Quite the opposite is true. Boards with diverse talents and perspectives inclusive of gender and race enhance the culture of innovation and critical thinking in the boardroom. Measures of financial health and stock performance can improve. The real challenge is understanding and overcoming barriers to establishing more diverse boards.”