Company leaders continue to rethink what “growth” means in a business climate in which rapid macro change seems to be one of the few certainties. Beyond bottom-line financial outcomes, though, executives are increasingly focused on their employees, customers, and the communities they serve, as well as their company’s responsibilities to society as a whole.
The boardroom is an important influencer of this broader definition of growth, which is why many companies are seeking to reenvision and transform the makeup of their board of directors, as we detail in our new Boardroom Diversity Survey.
For our survey, we spoke with more than 700 directors about their focus and concerns as they help the companies they work with plan for the future. Broadly, their insights underscore a growing trend toward prioritizing diversity in the workplace, even while many directors acknowledge ongoing challenges in trying to recruit more diverse board members.
We’ll take a closer look below at some of the opportunities and obstacles businesses have encountered as they evaluate their boardrooms.