Diversity and the Effective Corporate Board

Chapter 1

Diversity—Toward an Effective Board

“Diversity is the art of thinking independently together”

—Malcolm Stevenson Forbes, Publisher of Forbes magazine

1.1 Corporate Boards

1.2 Board Diversity—A Must for Effective Board Performance

1.3 Rationale for Board Diversity

1.3.1 Rationale 1: Innovation and Creative Problem Solving

1.3.2 Rationale 2: Acquiring Talent and Employee Relationships

1.3.3 Rationale 3: Understanding the Business Marketplace

1.3.4 Rationale 4: Access to Resources and Networks

1.3.5 Rationale 5: Reputation Enhancer

1.4 Constraints of Board Diversity

1.4.1 Constraint 1: Group Conflict

1.4.2 Constraint 2: Limited Talent

1.5 Types of Diversity

1.5.1 Observable Diversity

1.5.2 Nonobservable Diversity

1.5.3 Personality Diversity ...