The business benefits of championing a diverse leadership team have long been proved; statistics have indicated that businesses can prove better financially, while other studies have shown that it can improve morale, retention and wellbeing. A McKinsey report titled Diversity Matters reflects this as it found that companies in the top quartile for racial and ethnic diversity are 35% more likely to have financial returns above their respective national industry medians. It also discovered that teams with a diverse gender profile are also 15% more likely to outperform the median. This combined result, according to the report, of improving both racial and gender diversity is a 25% net increase in performance. While these stats indicate the clear benefits of diverse teams, progress is still...
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