Employing diversity on corporate and nonprofit boards and among senior staff continues to show evidence of comparatively higher performance.
Creating environments where the values of diversity and inclusion can thrive is not just good ethical practice, it’s also shown to have a positive impact on your bottom line.
An anecdote:
In 2015, I partnered with US Trust/Bank of America's Peggy Goldfarb to provide an estate planning conversation for 20 households. She brought engaging, enlightening speakers, one of whom was an index fund founder that had the highest return from the previous year.
The unifying theme of the high-performing fund? Companies with deep levels of diversity among senior staff and board leaders had outperformed all others that year.
I believe the same approach can be applied to nonprofit organizations. Let's talk about how you can authentically identify, recruit, and engage a more diverse board of directors.
Below is a photo of the Fearless Girl statue that was temporarily installed in 2017 across from the famous Charging Bull statue near Wall Street in NYC. I just learned that the statue was created by SSGA, a large asset management company to advertise its own index fund that featured investments of stocks associated with women's leadership.