Definition
The Board of Directors (BODs) is an internal governance mechanism. The BODs are responsible for safeguarding shareholders and providing the framework which ensures alignment of management interest and those of stakeholder groups (OECD 2004; FRC 2018). As a result of the significant role played by BODs, board diversity and inclusivity are key governance issue in recent times.
Diversity in the boardroom requires an inclusion of different types of people within the organization. Inclusivity on the other hand has a much wider implication, in that, it involves including different types of people within the organization and working effectively to treat them all in an equal and fair manner (Lincoln and Adedoyin 2012a, b).
It is not enough to just have a diverse board. From a legal standpoint, steps must be taken to ensure inclusivity (Equalities Act, 2010) within...
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Lincoln, A. (2022). Board Diversity and Inclusivity. In: Idowu, S., Schmidpeter, R., Capaldi, N., Zu, L., Del Baldo, M., Abreu, R. (eds) Encyclopedia of Sustainable Management. Springer, Cham. https://doi.org/10.1007/978-3-030-02006-4_25-1
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