To drive meaningful change in board diversity, businesses and regulators must move beyond soft-touch approaches and focus on thorough implementation and understanding of the challenges, as evidenced by research on disclosure regulations and their varied impact on firms. Sarah Kaplan, a distinguished professor of gender and the economy at the University of Toronto's Rotman School of Management, highlights the need for integrating gender and diversity into corporate strategies, transforming challenges into innovation opportunities, and making business education align with social responsibility in an interview with the HBS Institute for Business in Global Society (BiGS). CEOs are advised to be explicit about trade-offs, leverage low-hanging fruit, foster innovation through diverse talent, and persist in seeking solutions even when faced with challenges.
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Harvard Business School
