Quotas are a terrible way to promote board diversity. Companies should do this instead

By Carly Fiorina and Joel Peterson (original source CNN Business)

“The just-concluded 2018 elections have been referred to as a new “year of the woman,” as nearly 25% of all members of the next Congress will be female. That puts Congress one point ahead of S&P 500 boardrooms, where 24% of all corporate directors are women.

Neither number is impressive — and the pace of change remains glacially slow. The new Congress’s number of female members will have grown by just about 5% and boardrooms have grown their proportion of women directors by an average of 1.2% per year over the past five years.”