Pale, Stale & Male: Does Board Diversity Matter?

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On the surface, the circumstances surrounding scandals faced by Equifax, Wells Fargo, The Weinstein Company, Uber, Volkswagen, Wynn Resorts and others could not seem any more different. Upon deeper analysis, however, a common thread in each of these cases could offer insight for companies to avoid future problems: At the time of these corporate failures, the board of each company lacked diversity and was unable or unwilling to fully understand the gamut of their non-financial environmental, social and governance (ESG) issues, risks and opportunities.

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