Diverse CFOs could be heading into board-seat golden age

Only about 7% of CFOs sit on company boards, but that could change as corporate leaders make good on pledges to increase boardroom diversity. They may look to add directors who bring not just fresh racial, ethnic or gender perspectives, but in-demand skills like finance and accounting to the mix. 

“Board diversity is something whose time has evolved to come,” Byron Loflin, global head of board engagement at Nasdaq, said in a U.S. Chamber of Commerce webcast this week. “Demand is on the rise.”

Corporate leaders have been talking for decades about broadening board diversity, but the effort took on new urgency last year with the rise of the Black Lives Matter movement and the growing importance of companies adding environmental, social and governance (ESG) values to their profit goals. 

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