Debra Lee recounted a past board invitation, highlighting the lack of diversity as mostly older white men were present, discussing cosmetic products without sufficient representation.
Sachi Vora emphasized that boards are increasingly prioritizing succession planning, stating that it is a focus more than ever due to evolving corporate dynamics.
Diversity definitions are expanding beyond gender and ethnicity to include skills, age, and location, responding to a pressing need highlighted by recent societal movements.
The significant surge in appointing ethnically diverse board members from 2020 to 2022 indicates companies are actively seeking diverse skills and experiences in leadership.
#diversity #corporate-governance #board-member-experiences #succession-planning #equality-in-leadership
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