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Guide

Increasing Diversity on Boards Through Best Practice Self-ID Collection

A 2021 report by BoardReady, a Seattle-based nonprofit that helps companies with board diversity, found that regardless of which categories board diversity was analyzed with, companies with a broader range of diversity on their boards performed better.

In recent years, board of director diversity has been important to organizations such as Nasdaq and the U.S. Securities and Exchange Commission (SEC).

Download the guide to learn how these companies and others collect self-ID data to accurately reflect diversity on boards.

Other findings of the BoardReady report include:
  • Of companies that had more than 30 percent of their board seats held by women, 54 percent had revenue growth, versus companies with less than 20 percent of seats held by women, which had only 45 percent revenue growth.
  • Companies with over 30 percent of board seats held by women outperformed their less gender-diverse counterparts in 11 out of the top 15 S&P 500 sectors.
  • Companies whose median director age was 55 or less had over 10 percent revenue growth during the pandemic, and those whose median director age was 65 or more saw an almost 8 percent revenue drop during the pandemic.
  • And more...
Download the Guide