Corporate Boards Still Lack Diversity
“Diversity” has been a buzzword for corporations in recent years. As companies look to serve an increasingly diverse customer base they often tout their progress in diversifying their workforce. However, when it comes to the top positions there’s still work to be done.
This was the finding of a recent study by the Alliance for Board Diversity.
According to the study, almost 70 percent of Fortune 500 board seats still held by Caucasian/white men.
Progress is being made: collectively, women and minorities comprise an all-time high of 30.8 percent of board seats among Fortune 500 companies, up from 26.7 percent in 2012.
However, minority men and women have experienced only slight gains in the last six years, since the ABD first started tracking Fortune 500 board diversity in 2010, up from 12.8 percent in 2010 to 14.4 percent in 2016.
The total number of board seats also has not changed much during this time; there were 5,440 total board seats in the Fortune 500 in 2016, compared to 5,463 in 2010.
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