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Business trends

Japanese boardroom reform: Beyond the 'Lehman Sisters' hypothesis

Ethnicity and age added to the upper-management diversity mix

Companies will be paying more attention to diversity as they look to fill their boardrooms.

TOKYO -- Japanese Prime Minister Shinzo Abe has a favorite line when addressing groups of women: "If Lehman Brothers had been Lehman Brothers and Sisters, it probably would not have gone under."

Diversity, to which the prime minister alludes, is an indicator of a healthy society, workplace or boardroom. "If there were more women in boardrooms, corporations would be more diverse and could avoid the risks of short-term groupthink," Abe said.

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