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Corporate Governance

: The Harvard Law School Corporate Governance Blog

Diversity in the Boardroom is Important and, Unfortunately, Still Rare

By Harvard Law School Program on Corporate Governance

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Editor?s Note: Luis A. Aguilar is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on Commissioner Aguilar's remarks at a forum concerning women in the boardroom; his complete remarks are available here. The views expressed in the post are those of Commissioner Aguilar and do not necessarily reflect those of the Securities and Exchange Commission, the other Commissioners, or the Staff.

The persistent lack of diversity in our corporate boardrooms is an issue that requires continuing focus. A focus that needs to be maintained until our corporate boardrooms reflect the America we live in. Many nations have been focused on Board diversity for years. [1] Others are just now beginning to do so.

Today's forum is also timely because 2010 has been a year in which we have seen countries around the world take steps to correct the persistent lack of diversity in corporate boardrooms. For example, in Australia, companies are now required to disclose the company's progress related to board-established gender objectives as well as disclose the number of female employees in the entire organization, in senior management, and on the board. [2] In the United Kingdom, companies are now required to "pay due regard to the benefits of diversity on the board, including gender" when searching for and appointing directors. [3]

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Full post as published by The Harvard Law School Corporate Governance Blog on September 23, 2010 (boomark / email).