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Here's How Diversity Improves Corporate Balance Sheets: Jim Cramer

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What value does adding diversity add to a board? 

"How about PE multiple? How about earnings per share long-term?" Cramer said. 

"You want long-term performance. Get the people on the board who are 50% of the world and remember tat you should be embarrassed if you haven't taken that action. Men should pay attention to International Women's Day," Cramer continued. 

TheStreet's Annie Gaus wrote an article on the lack of board diversity on tech boards and how the tech industry is evolving. 

"The numbers haven't moved dramatically, but it's a bit of a lagging indicator -- board searches take on average from nine months to a year," said Shannon Gordon, CEO of TheBoardlist, which helps to place highly qualified women candidates in open board seats. "We're seeing a lot of search activity now, and I know a lot of our candidates are in conversations with company boards."

Back in late January, Sallie Krawcheck, CEO of Ellevest, also talked to TheStreet about the lack of diversity in the boardroom. 

"We've all really been socialized in our society that a leader in senior leadership is a white male. And so we see the research and we say, in theory, 'I should hire that person whose way different from me. It doesn't make a lot of sense to me, I don't really know how they're going to be successful," Krawcheck responded. 

Related. International Women's Day 2019: The Road Not Taken

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