Accelerating Gender Diversity on Boards
26 June 2017
Slow progress in adding more women to boards has dominated the conversation. But tips from standout companies are more likely to inspire others to take firmer action.
Through interviews with firms with highly diverse boards, McKinsey & Company identify the following factors as key to meaningful change:
- transforming good intentions into active effort;
- setting purposeful targets to prioritize increased board diversity;
- widening experience criteria;
- Maintaining an active pipeline of female candidates via both personal connections and search firms, in order to avoid the perpetuation of “old boys'” networks.