Diverse leadership offers Canadian organizations a competitive advantage and is a source of strength and prosperity for Canadian communities, according the the Conference Board of Canada report The Value of Diverse Leadership.
Leaders play a pivotal role, and their impact is felt in everything from strategic decision making to organizational and community effectiveness and ultimately financial performance.
Diverse leaders bring added benefits and unique capacities that, when realized, add significant value in both the public and private spheres.
Five of the most important benefits of diverse leadership are:
- improved financial and organizational performance;
- increased capacity to link with new global and domestic markets;
- expanded access to global and domestic talent pools;
- enhanced innovation and creativity; and
- strengthened social cohesion and social capital.
This report examines in detail the nature of these benefits and highlights how organizations and communities can maximize them. It has been prepared for DiverseCity: The Greater Toronto Leadership Project, an initiative of Maytree and the Toronto City Summit Alliance, to help foster greater understanding of the benefits of diversity of leadership and knowledge about how this in turn can strengthen organizations and communities.
By drawing on the literature about diverse leadership, the report seeks to stimulate dialogue among business, government, and community leaders, and encourage more organizations and communities to develop and appoint leaders from diverse backgrounds.
Read the full report: The Value of Diverse Leadership