Lessons From The Pandemic

Board Diversity and Performance

Lessons From The Pandemic

Board Diversity and Performance

The first ever report examining the link between companies with multidimensional board diversity and the correlation to company revenue.

See how diversity affects positive returns over three years and throughout the pandemic.

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Board Diversity Benefits Revenue

Boards with multi-dimensional diversity experienced less downside and even revenue growth throughout the pandemic.

Dive into the data

Among the highlights for S&P 500 companies in 2020:

Gender
54%
Had revenue growth
Companies with more than 30% board seats held by women
45%
Had revenue growth
Companies with less than 20% board seats held by women
Gender
Companies with over 30% of board seats held by women outperformed their less gender-diverse counterparts in
11
out of the top
15
S&P 500 Sectors
Age
Companies whose median director age was
55 or less
10.1%
Revenue growth during pandemic
65 or more
-7.7%
Revenue drop during pandemic
Age
Companies whose directors had
>30 year age span
+4.6%
revenue growth
All other cohorts saw their revenues decline
Race
Directors at S&P 500 companies are overwhelmingly white, which deprives society of, among other things, significant data about how companies that have racially diverse boards tend to perform relative to less-diverse boards.
54%
2020 YoY revenue growth
For companies with at least 30 percent of their board seats held by non-white directors
All other cohorts saw their revenues decline

How does your company's board stack up?

Calculate your score

Open Calculator
Open Calculator

Use Board Ready's BRI calculator to quickly estimate your board diversity score. The BoardReady Index gives a quantifiable snapshot of a company’s boardroom diversity using a proprietary scoring analytic.

See how you compare

INSPECT DATA
Inspect Data

Companies with diverse boards usually did better in the pandemic than their less-diverse counterparts. Do diverse boards make companies better, or do better companies recruit diverse boards? Inspect the data yourself!