October 3, 2022

Volume XII, Number 276

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September 30, 2022

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Is the CSuite's Political Diversity Important to the Bottom Line?

Apparently so, according to an article in today's Wall Street Journal reporting on a study undertaken to explore whether political diversity in the Csuite impacts a company's performance. While the study didn't have a clear explanation for why political diversity was useful (it clearly was), decision-makers with different viewpoints seem to have the same beneficial impact on problem-solving in today's world as other diverse attributes, such as gender, race, life experience and background.   One of the study's authors concluded that companies with a politically diverse leadership make better strategic decisions -- which results in better performance over the long term. Why do they make better strategic decisions? I'm sure there is a scientific, data-driven answer to that question but better decisions surely result from challenging assumptions, discarding stereotypes and offering alternative points of views. If a group's decision-makers are confident enough to hear each other out in a civil and respectful way, then diverse viewpoints surely lead to better-built results.  

"Collaborating with those of differing political ideologies isn’t just good for the health of our democracy. It’s also beneficial to a portfolio’s bottom line."

©1994-2022 Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. All Rights Reserved.National Law Review, Volume XII, Number 189
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About this Author

Jennifer Rubin Employment Attorney Mintz
Member

Jen draws on 30 years of experience crafting legal solutions to employment challenges. Her clients include small and large businesses and individual representation of executives. She advises technology, financial services, publishing, retail, professional services, and health care companies seeking regulatory, litigation, and compliance advice. She divides her employment practice between wage and hour compliance and trial practice, with a focus on class actions, trade secrets and employment mobility disputes, and the defense of discrimination, retaliation and other disputes arising from...

858.314.1550
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