Implications of Underrepresentation in LGBTQ+ Board Membership

A new study has revealed that while LGBTQ+ people represent over 7% of the U.S. population, only 0.6% of Fortune 500 corporate board members identify as LGBTQ+. Beyond the obvious ethical and moral issues the imbalance in corporate board representation highlights, it also stands in stark contrast to an empirical fact: diversity of thought and perspective on leadership teams translates to better performance while lack of diversity has proven to increase risk. To put it another way, investors not demanding more diversity on boards—including with LGBTQ+ candidates—are leaving money on the table.

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