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RAPPORT

Seeing is believing

2017 board diversity survey

The evidence is in. Business leaders clearly believe in the benefits of diversity on their boards of directors. Yet it’s equally clear that current methods of sourcing and selecting candidates tend to reinforce a lack of diversity.

About the survey

Three hundred board members and executives believe achieving greater diversity on corporate boards is a business imperative.

This report, commissioned by Deloitte US Chairman Mike Fucci examines the current state of today’s corporate boards and the need for boardrooms to become more diverse, not just demographically but in skillset, perspectives, and experiences. Those surveyed expressed near universal agreement that greater diversity provides a competitive advantage and improves business performance, yet many organizations are failing to capitalize.

Achieving diversity in the boardroom starts with updating the recruitment and succession planning process, a weak spot identified through the survey as many boards prioritize traditional requirements for membership like C-suite experience and specialized business skills over their desire for greater diversity. The survey offers potential solutions boards can implement to be more inclusive—among them, the notion of creating a mixtocracy—which is ensuring that those in the boardroom can offer different viewpoints, skills, backgrounds, and experiences to set organizations up for success.

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