Despite having more qualified female board candidates than any other country in the world, the U.S. still lags behind in board diversity. In this episode, Christy Wood draws on her experience with multiple boards to walk us through her thought process for recruiting diverse directors. She talks about the personal and financial risks associated with recruiting unfamiliar candidates and how human tendencies for comfort and trust often come into play.
Choosing the ''Best Athlete''
Wood outlines her philosophy on recruiting diverse board members, one that requires us to change the traditional criteria and cast a wider net. CEOs and sitting directors must stop limiting their search to candidates with previous board experience and sitting CEOs.
As an exercise, Wood role-plays her search for a diverse board member and walks us through her steps to finding the best candidate-who also happens to be a woman.