Imagination Museum is holding nominations for its board of directors. It is the first time that over half of the positions are vacant 32 due to either retirements or term expirations. The new CEO wants to be sure that the board is representative of the community, as well as the patrons who attend most of the events. Which of the following considerations are important for a good board? a. racial balance b. financial balance c. religious/cultural balance d. educational attainment balance e. gender balance

Question

Business

Georgia Cannon

11 October, 13:50

Imagination Museum is holding nominations for its board of directors. It is the first time that over half of the positions are vacant 32 due to either retirements or term expirations. The new CEO wants to be sure that the board is representative of the community, as well as the patrons who attend most of the events. Which of the following considerations are important for a good board? a. racial balance b. financial balance c. religious/cultural balance d. educational attainment balance e. gender balance

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Isaiah Estes · Answer 1

E - Gender balance

Explanation:

Gender balance is an important consideration in having a good board for a number of reasons.

Gender balance provides diversity of thought, contributing to better decisions being made. This diversity of thought contributes to better stakeholder representation as well as up to pace evolution with the market. Gender balance as well, brings together strengths more expressed in each gender. For instance, men are more objective and women function better at defining responsibilities. Bringing together individual strengths, creates a stronger team and increases efficiency of the board.

Gender diversity also increases access to various essential skills such as operational experience, knowledge of the industry.