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ARTICLE · 29 AUGUST 2018

(More) New Developments On Board Diversity

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.

United StatesCorporate/Commercial Law

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

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