At Egon Zehnder, we have tracked gender and international diversity on boards around the world for the past 14 years. With the release of our 2018 report, Global Board Diversity Tracker: Who’s Really on Board?, we mark our most comprehensive effort yet.
Our conclusion is simple: Boardroom diversity matters because it leads to better corporate outcomes. Yet for all of the attention given to the topic, improvement remains incremental — and that is unacceptable. To make a difference, boards must abandon tokenism and hire a critical mass of at least three women. That approach must be directed and supported from the very top.