Improving Board Diversity to Navigate Emerging Liability for Social Issues

In this fourth installment on D&O liability from Fox Rothschild’s Stephanie Resnick and John Fuller, the authors explore the importance of having a diverse board to address the challenges posed by various social issues.   Why Is Diversity Important? As with the social issues discussed in prior articles, diversity is quickly evolving from an aspiration for equality to a corporate necessity with an increasingly discernable impact on the bottom line. At the organizational level, a lack of diversity along gender, racial, ethnic, sexual orientation and/or age lines can open the company to complex and unsavory litigation. For instance, tech giants…