Diversity and Reimagining the Internal-External Dichotomy

In Duty and Diversity, two distinguished voices in business law, Professor Chris Brummer and former Chief Justice of the Delaware Supreme Court Leo E. Strine, Jr., make the case that corporate law provides “critical tools” to support corporations in taking effective action to help reduce racial and gender inequality. Specifically, they argue that “the pursuit of Diversity, Equity, and Inclusion is solidly authorized by the operation of traditional corporate law principles and can even be easily squared with the views of those who embrace what has come to be known as ‘shareholder primacy.’ ”Examining demographics in corporate boards and executive suites, the related empirical debate, and issues of corporate reputation and risk management, Brummer and Strine conclude that a sound business rationale exists for corporations to cultivate diversity in their organizations and to welcome working with a wide range of stakeholder