Exploring Boardroom Composition and Diversity in Latin-America

The present study aims to understand board composition and diversity perceptions in Latin America. Different perspectives, knowledge, and experiences are suggested to create larger collective intelligence in high-performance groups, enriching their capacity to make innovative and creative decisions, analyze better, and execute more efficiently. The results show a growing concern for increasing the diversity of Latin American boards to have a more inclusive vision of their stakeholders’ needs. In addition, in the case of a leader with greater seniority or dominant leadership, diversity has a lower impact. However, the presence of more young people is one of the most highlighted aspirations for all respondents, considering that the lack of generational diversity diminishes the capacity to understand the needs of all market segments their companies attend. Another concern among men and women is the lack of external and independent directors on their boards.