The article, by Jennifer Rossa, focuses on why and how private equity firms are giving more attention to developing networks of women and diverse candidates for board of director and management roles.
SAN DIEGO, CA – October, 2023 – Dr. Matt Brubaker, CEO of advisory firm FMG Leading, was recently featured in a Wall Street Journal PRO article focused on the importance of intentionally building diversity into Private Equity portfolio boards. The article, titled “Firms Seek to Diversify Portfolio-Company Boards”, was included in the WSJ PRO Private Equity Special Report on Women To Watch.
In the article, Dr. Brubaker said that PE firms must ensure that diversity is integrated in processes and functions until it becomes core to a firm’s corporate culture….. and that failing to do that is at the heart of the problem for some firms.
“If this is just about optics you’re going to really struggle to be successful,” Brubaker said. “More than half of what you’re seeing out there is still tokenism and trying to do the right thing without an integrated strategy. The folks who are successful are being really thoughtful about it.”
