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Season 5 is live! New episodes every Monday and Thursday. This season, we’re exploring questions that directors need to *answer*. Are you a director, senior executive, investor, or someone who’s just curious about corporate governance? Tune in for insights about how things work inside and outside the boardroom, based on 20 years of experience and interactions with thousands of directors from around the world. Each episode lasts about one minute and will provide you with questions to ask yourself, your board and your management team, designed to optimize the way your organization makes decisions. Matt Fullbrook is a corporate governance researcher, educator and advisor located in Toronto.
Episodes
Monday May 29, 2023
159. Everyday People (Condition #8: Demographics)
Monday May 29, 2023
Monday May 29, 2023
It’s been a bunch of months since I realized that there’s a really strong overlap between good governance and equity, diversity & inclusion. For a refresher of what I’m talking about, listen back to episode 113. ED&I and good governance may not be identical, but maybe a good way to put it is that you can’t be intentional about cultivating effective conditions for making decisions without being intentional about ED&I. Many people are still quick to point out that diversity of demographic characteristics like race, ethnicity, age, gender, and socioeconomic status among MANY others, won’t guarantee diversity of thought and perspective. My first response to that is “are you *sure* about that?” My more thoughtful response is that even if it’s not a guarantee, it definitely is a shortcut. I mean, a room full of people who look completely different from each other is more likely to have meaningful diversity of thought than a room full of people who look the same. Think of demographic diversity as a diversity of thought hack. Anyway, if good governance is impossible without ED&I, and the diversity part of ED&I is a condition that we have control over, then it’s clear why it belongs in our list this season. This may be one of the more complex conditions because it involves investment in building a community, which takes time. We also have to be conscious of tokenizing and other challenges we might encounter in doing the *inclusion* part of ED&I well. But don’t try to tell me that you have no way to be intentional about demographic diversity in your organization, your executive team, your boardroom, because…well, come on.
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