Speed Reads

Sigh

Most male board members don't believe in the power of diversity

Powerful men are still not sold on the whole "workplace diversity" thing, apparently. Despite data showing that companies with a high percentage of female board directors routinely outperform male-dominated boards, a recent PwC survey found that just 24 percent of male directors believe board diversity improves a company's performance, compared to 89 percent of female directors. Similarly, only 38 percent of men think diversity improves board effectiveness, compared to 92 percent of women, the Washington Post reports.

Female directors currently hold just 20 percent of all board positions at S&P 500 companies.