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This is How Companies Can Benefit From Diverse Leadership

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A closer look at the CEOs of fortune 500 companies doesn't really reflect the diversity of the U.S. You might be surprised to know that only four companies have Black CEOs, and less than 8% are female.

So, why does diversity matter in a company?

"Diversity pushes companies and pushes individuals to think and to be better," says Lauren Simmons, the second African-American New York Stock Exchange Trader. "Being in a melting pot you don't get a one-sided collective thought. You get everybody's experiences, cultures, backgrounds coming together." 

"And I think that only empowers us for the better," she added.

Related: What Is the 15 Percent Pledge and Which Companies Have Taken It?

It's worth mentioning that several studies have found that companies with diverse leadership yield more results. A study from Boston Consulting Group suggested that "increasing the diversity of leadership teams leads to more and better innovation and improved financial performance." 

"So we know that the statistics are on our side. We know that this is a direction that we need to be going," says Simmons. "I think it all starts with leadership. The people at the top don't want to see those changes being done, then they're not going to be done."

Related: Wall Street Old Guard vs the New Guard

Click the link below to watch Simmons' full interview, or watch an excerpt above.

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