With companies increasingly promoting diversity and inclusion measures, how are they ensuring diversity and inclusion within their own leadership teams? The landscape for gender diversity within corporate boards is bleak and the landscape for racial diversity is worse. Throw in the intersection of race and gender and the picture becomes even bleaker. In order to combat this corporate governance issue, the U.S. and other countries have primarily focused on three regulatory approaches: (1) the quota system, (2) the disclosure method, and (3) the comply-or-explain approach. This paper addresses each approach (internationally and domestically) to implement greater board diversity for U.S. public corporations, while taking into account the unique corporate government of U.S. companies. Ultimately, this paper proffers a holistic, multi-factorial approach of both regulatory and non-regulatory solutions that will likely have the best chance to begin establishing long-lasting change.
From the Exception to the Rule: A Realistic Analysis and Approach for Advancing Board Diversity,
Rich. Pub. Int. L. Rev.
Available at: https://scholarship.richmond.edu/pilr/vol24/iss2/7