e.l.f. Beauty & N.C. A&T: Unveiling the "Not-So-White Paper"

e.l.f. Beauty, in collaboration with North Carolina Agricultural and Technical University (N.C. A&T), has released the "Not-So-White Paper," a groundbreaking research study that highlights the significant impact of boardroom diversity on business outcomes. The paper, which focuses on the benefits of diversity in the boardroom, aims to encourage companies to adopt more inclusive practices.

The study, conducted by a team of experts from N.C. A&T, reveals that companies with above-average gender diversity in their boardrooms experience a 15% return on equity and a 50% reduction in earnings risk. Additionally, the presence of women on boards correlates with better price-to-earnings ratios, and boards with three or more women or minorities have a lower likelihood of large-scale discrimination lawsuits.

e.l.f. Beauty's goal is to double the rate of women and people of color added to U.S. public company boards by 2027. To achieve this, the company is sponsoring board preparation training for 40 corporate director candidates through the NACD Accelerate™ program.

The "Not-So-White Paper" underscores the importance of diversity in the boardroom and its positive impact on business outcomes. By promoting boardroom diversity, companies can enhance their financial performance, reduce risks, and foster a more inclusive and equitable work environment.