Diversity

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Diversity
From Coca-Cola’s 2016 Proxy Statement, it is evident that there has been some improvement in the company’s diversity policy and the general composition of the board of directors. The qualifications required for Coca-cola directors are many, but high integrity and a track record of success in their respective fields top the qualifications table. The company’s Board has not adequately defined diversity policy but keenly take into consideration various elements of diversity such as race, age, ethnicity, gender and cultural background in their board membership selection criteria. Coca-Cola believes that diversity is essential since it leads to multiple viewpoints, hence a more comprehensive and practical decision-making process (Kreitner, and Kinicki, 31). A discrimination lawsuit lodged against Coca-cola in 1999 highlighted various diversity challenges experienced by the company. At one point the company’s board was dominated by white men except for one African American male director. There were no women on the board. A glance at the company’s 2016 board of directors indicates that there was an improvement. The board consisted of 27% percent women on gender diversity front and the average age was 65.8 years. The directors had an average tenure of 9.4 years in their respective fields. The 15 member board comprised of 11 male and four female members. Maria Elena Lagomasino was female Hispanic and Alexis M….