Ensuring a meaningfully diverse board means recognising that diversity goes beyond gender to include ethnicity, nationality, disability, socioeconomic background, sexual orientation, and other dimensions - though measurement limitations can prove challenging. A diverse board composition should lead to better business decisions by reducing the likelihood of groupthink. Moreover, a board that is significantly different from the company's wider workforce and customers risks missing emerging issues and opportunities. While some markets are making more rapid progress than others, develo...
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