Do you think that your Board composition is as it should be? Do you think that young people don’t need to be on the Board because they aren’t big donors? Think again. A November 2019 Coldwell Banker report tells us that there were 618K Millennial Millionaires in the US as of that time. With the current pace of people becoming millionaires in the US over the last 2.5 years increasing dramatically — even in 2021 over 2020 — we can expect that the 618K number is probably close to (or exceeding) 700K.
Like all attempts at diversifying (a board, a company, a city, etc.), too often the ones who are already there tend to want the newbies to adapt fully with the appropriate kowtowing to tradition. A dynamic organization is one that is never set in its ways. Excellent piece...again!
Like all attempts at diversifying (a board, a company, a city, etc.), too often the ones who are already there tend to want the newbies to adapt fully with the appropriate kowtowing to tradition. A dynamic organization is one that is never set in its ways. Excellent piece...again!
Wise counsel.... my instincts say to bring younger people to the board. Thanks for bringing the words to my thoughts Lisa!