Games CEOs Play and Interest Convergence Theory: Why Diversity Lags in America's Boardrooms and What to Do About it

31 Pages Posted: 6 Feb 2010

See all articles by Steven A. Ramirez

Steven A. Ramirez

Loyola University of Chicago School of Law

Date Written: June 15, 2004

Abstract

Race is everywhere; therefore,possibilities for racial reform are similarly ubiquitous. It is even present within issues related to CEO domination of the director selection process. CEOs play the game of homosocial reproduction when selecting directors. Given our apartheid tradition, this means that the upper echelons of corporate America will be essentially the exclusive province of white males far into the future. But, because board diversity can improve corporate governance, racial reformers may find many allies that can serve to facilitate reform in this arena. The challenge is to find economic and political interests that can gain either from enhanced diversity or from improved corporate governance and to educate and mobilize those interests.

Keywords: Corporate Governance, Diversity, Critical Race Theory

Suggested Citation

Ramirez, Steven A., Games CEOs Play and Interest Convergence Theory: Why Diversity Lags in America's Boardrooms and What to Do About it (June 15, 2004). Washington and Lee Law Review, Vol. 61, No. 4, pp. 1583-1613, 2004. Available at SSRN: https://ssrn.com/abstract=1549062

Steven A. Ramirez (Contact Author)

Loyola University of Chicago School of Law ( email )

25 E. Pearson
Chicago, IL 60611
United States

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