Startups often face the crucial decision of whether to establish a board of directors. A board provides governance, guidance, and accountability, essential for navigating growth and complexity. However, early-stage startups may benefit more from an advisory board instead. Ultimately, the decision should align with the founders’ vision and the company’s needs.
Diversity extends beyond gender and race to include various attributes such as religion, age, and experience. Effective boards incorporate diverse perspectives and skills to enhance governance, decision-making, and strategic oversight.
In recent years, the importance of diversity on corporate boards has gained significant attention, yet much of the discourse tends to focus on single dimensions of diversity, such as gender or ethnicity. However, directors are inherently multi-dimensional individuals, and thus, board diversity is a complex, multi-faceted concept. Understanding Multi-Dimensional Board Diversity The conventional approach to…
