Board Diversity: Perspectives for Corporate Performance and Equality Opportunities

Abstract

Board diversity is a controversial concept that has gained a lot of attention lately, especially with the tumultuous events that our time is going through. Despite the benefits that such phenomenon can bring to companies, some concerns are still worrying the society. The aim of this paper is to illuminate the positive aspects of board diversity and at the same time to identify, understand and tackle the disadvantages that it may cause. In doing so, it will be put emphasis on the possible legislative approaches that could represent the best solutions in order to start making diversity an accepted and intrinsic value that should be exploited instead of excluded by corporations. If this is done correctly, a virtuous circle could be created, whereby equality rights would be granted and companies could benefit from such balance gaining in performance, profit and reputation. Lastly, the market as well, along with its actors, may become more educated, developed and opened to diversity and equality.