The board's nominating committee should take note of several
important new developments regarding board diversity,
and how they may be applicable to its composition and refreshment
policies.
This continued focus on diversity is driven in large part by a
broad cross-section of interested parties, e.g.,
institutional investors, pension funds, employees/labor unions,
state governments and other stakeholders (including, for example,
sources of new business opportunities for the health system). This
focus applies to nonprofit, publicly held and privately controlled
health systems alike.
Noteworthy developments for the nominating committee include
willingness of some major companies (including those in the
technology and transportation sectors) to adopt a version of the
NFL's "Rooney Rule"; the New York City Comptroller's
"Boardroom Accountability Project 2.0" (with its model
board skills matrix); the Midwest Investor Diversity Initiative (with its
"toolkit"); various