Greater skills diversity on boards might actually be worse for business
- Written by Ali Akyol, Senior Lecturer in the Department of Finance, University of Melbourne
Increasing the amount of skills on a board from 10 to 13 reduces firm performance by about 2.4%, research finds.www.shutterstock.comHaving directors with diverse skills doesn’t necessarily lead to better firm performance. Using US data, our research found that increasing the amount of skills on a board from 10 to 13 reduces firm performance...
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