Pearl Impact Capital Blog Diversity & Inclusion on Corporate Boards

Recent tragic events and social unrest around police violence and institutional racism are stark reminders of our country's continual struggle for progress and equality. We need to do better as a society and as an industry. Justice and equality for all will lead to a better world. This is common sense and makes economic sense as well.A large body of academic evidence shows that a breadth of perspectives leads to better board decision-making and better business outcomes. McKinsey's research shows that gender-diverse companies are 15% more likely to outperform their peers and ethnically diverse companies are 35% more likely to do the same.A more diverse corporate talent pool is a competitive advantage not only because it helps companies create better products but because it helps them attract and retain the best talent from all over the world. It's not enough to focus on diverse hiring or anti-discrimination practices. Companies interested in being truly diverse need to actively recruit and cultivate at every level.At Pearl Impact Capital we value diversity and believe it adds value. Our portfolio companies boards' have a higher percentage of female and minority representation than broad market indices, according to statistics from Harvard.We have mapped diversity statistics for the PIC Global Equity Portfolio.