The job of the board nominating committee of large corporations just got harder. The recommendation is likely to add significant momentum to the push for board diversity. It should also be noted that the “Commonsense Corporate Governance Principles,” released this summer by a group that included Warren E. Buffett and Jamie Dimon, among other corporate chieftains, weighed in on the subject. The Business Roundtable’s principles contain the usual caveat that there is no “one size fits all” approach to corporate governance. Indeed, it is a valuable prompt for corporate boards to formally increase their diversity commitment, before such a commitment is mandated by state or federal regulation.

Source: New York Times October 12, 2016 16:07 UTC