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Sep 30, 1998

Strength in diversity

What happened to the diversity in the boardroom debate?

'Placing arbitrary racial or gender quotas on corporate boards is fundamentally wrong. Not only does Cypress Semi-Conductor not meet your particular requirements for boardroom diversification, but we are unlikely to, because it is very difficult to find qualified directors, let alone directors that also meet investors' racial and gender preferences.' So wrote Cypress Semi-Conductor's chief executive officer TJ Rodgers in 1996 in response to a letter he received from one of the company's investors,

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