Are Diversity Requirements Really Necessary?

By: Sharon J. Lorman
Jeffrey P. Marsico
Jill A. Pursell
Matthew P. Prosseda

Podcast Show Notes:

Our This Month In Banking (TMIB) podcast features discussion with colleagues and other industry thought leaders on interesting banking news that happened this month. TMIB will be available on the last Wednesday of every month here, and on Apple and Droid podcast apps for your listening enjoyment. Join us on your commute, at your desk or at home.

Topic: Are Diversity Requirements Really Necessary?
Insights from TKG’s Jeff Marsico, EVP, and Jill Pursell and Matt Prosseda, Managing Directors

Diversity in banking is a hot topic. Many financial institutions have a heightened interest and focus on the degree of diversity in their boardrooms, executive management teams, and in their overall workforce. Jill Pursell recently wrote a newsletter on the effectiveness of mandatory diversity requirements including pending legislation compelling gender diversity. Do you think business performance improves for companies with a diverse board of directors as compared to those that are not as diverse? Our panelists discuss their thoughts and give concrete suggestions on how to create better boards without the need for quotas. Listen and enjoy!

This podcast relates to The Kafafian Group’s Strategic Management and Profit & Process Improvement services. Click here for more information. 

Watch for episode 48 of This Month in Banking to be released on Wednesday, December 25, 2019 and a new episode on the last Wednesday of every month.  

Thank you for listening!

Relevant Links:
Jeff For Banks: Improve Bank Boards Through A Disciplined Nomination Process, November 3, 2019
Wharton University of Pennsylvania, Knowledge @ Wharton, What’s the Impact of More Diverse Corporate Boards? October 16, 2018
The Washington Post, This state requires company boards to include women. A new lawsuit says that’s unconstitutional, November 14, 2019

Some links to articles may require subscription and/or login.