Corporate Board Diversity Matters, According to Women. Not So Much, If You Ask Men

Diversity on corporate boards matter to women, but most men still haven't been sold on the idea. That's one of the findings in a survey by PwC's Governance Insights Center, which released its annual survey of corporate directors. While an overwhelming number of directors say that diversity is important, only twenty-four percent of male directors surveyed believe that it improves a company's performance. But ninety-two percent of the female directors think diversity is a factor in performance. According to PwC, women make up twenty percent of S&P 500 boards, up just five percentage points in the past decade. The survey also found that in many ways, corporate boards remain part of the old boys' club, with the most common source for new directors being recommendations from fellow board members. Loop spoke with TheStreet's Rhonda Schaffler in New York.