Researcher in Accounting, Corporate Governance, Diversity and Inclusion Issues

Over the three years between the release of the 2019 Survey of Consumer Finances (SCF) and the survey data released in 2022, household wealth increased for all racial and ethnic groups, but the Black-White wealth gap increased. The 2022 release of the SCF is the first to provide wealth data for Asian American households as a separate group—revealing that they have significantly more wealth than households of other racial and ethnic groups. It is important to understand how racial wealth and income gaps came to be, what factors contribute to their perpetuation, and what policies can be put in place to narrow them. 

Social capital is a viable additional rationale for board diversity, and should be considered in board appointments. The benefits of board diversity is discussed in this paper with a focus on resource dependency theory and diverse social capital bringing economic capital to the firm.

The COVID-19 pandemic has created an ongoing health and economic crisis. The contagious nature of the virus has necessitated physical distancing and led to an economic shutdown in early 2020. The resulting increases in unem- ployment have disproportionately impacted Black and La- tino workers who are overrepresented in jobs that cannot be done remotely and in jobs considered to be frontline or es- sential, putting them at higher risk both of being laid off and of being exposed to the virus.

In this paper we first review, in their historical context, four of the most influential governance theories—agency theory, stakeholder theory, stewardship theory, and resource dependency theory—and then we discuss points of articulation between these theories and governance diversity literature. We then discuss whether board diversity rationales are supported in these governance frameworks.

 This video provides information for small businesses to assist in their  viable during the Covid-19 economic disaster. For more information you can contact Dr. Darlene Booth-Bel your business management successful. Call us today.  

Expert Contributor for Wallet Hub Money Management Ap.  

Money management is a life skill that unfortunately isn’t taught as often as it should be. It’s a skill that everyone should want to learn too, as it can bring about flawless credit and freedom from debt. But a survey of consumer financial literacy reflects a growing need for financial instruction in U.S. households.