It’s not a new revelation that diversity is good for companies. “Germany is a diverse country, and a big deal of its productivity is based on this diversity,” German Chancellor Angela Merkel said in a recent statement. “We need to view diversity as an opportunity to harness its potential.” And the potential seems to be big. Companies with high gender diversity stand a 25% higher chance of securing above-average profits, according to a 2020 study by the consultancy McKinsey. When the boardroom also shows ethnic diversity, that percentage climbs to 36%. The study was based on data from over 1,000 companies in 15 nations. Considering …
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