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Law Commons

Open Access. Powered by Scholars. Published by Universities.®

2011

Series

University of Pennsylvania Carey Law School

Corporations

Business Law, Public Responsibility, and Ethics

Articles 1 - 1 of 1

Full-Text Articles in Law

Board Diversity Revisited: New Rationale, Same Old Story, Lisa Fairfax Mar 2011

Board Diversity Revisited: New Rationale, Same Old Story, Lisa Fairfax

All Faculty Scholarship

Recently, board diversity advocates have relied on market- or economic-based rationales to convince corporate America to increase the number of women and people of color in the boardroom, in lieu of moral or social justifications. This shift away from moral or social justifications has been deliberate, and it stems from a belief that corporate America would better respond to justifications that centered on the corporate bottom line. However, recent empirical data reveals that despite the increased reliance on, and apparent acceptance of, market- or economic-based rationales for board diversity, there has been little change in actual board diversity. This Article …