I'm not saying if a black doesn't make it to VP it's always because they are black. But the numbers show there is something wrong here Ray. Way too many women, blacks, asians, hispanics in the executive boardrooms of America. In a country as diverse as ours, somethings wrong
Shareholders, the media and the general public have been pressing for change and enhanced diversity in boardrooms. There’s no doubt that the good ol’ white boys club is being dismantled, but a new report suggests there’s still a long way to go before U.S. boards can shine as an example of equality.
boards are making considerable headway in appointing more women to their ranks. The number of women who filled new board seats in 2018 grew to 40 percent, up from 18 percent ten years ago when the executive search firm started monitoring board trends. Nevertheless,
according to a report by Deloitte and the Alliance for Board Diversity, the total share of women on Fortune 500 boards is still very much below the parity level, at 23 percent.
So women are actually making progress. Meanwhile, women like Lisa are dogging blacks because of AA? Wake up Lisa. What a hypocrite.
And corporate America is trying. At least in the board rooms. White old men will let minorities serve on the board but not in
There’s also been sustained progress in the appointments of African American, Hispanic and Asian/Asian-American candidates onto Fortune 500 boards over the past decade, reaching a record high in 2017. But at 23 percent representation, that’s also still quite low.
While this is still a pretty good number, bringing fresh thinking, inspirational ideas and new perspectives into boardrooms, in 2018, 53 percent of those first timers were men and 73 percent were Caucasian.
So much for progress on diversity.
There’s been a significant change,” says Gwin. “Ten years ago, diversity certainly would’ve been a topic, but now, in many cases, it’s a mandate.”
So, let’s appreciate how far we’ve come… while keeping an eye on all the opportunities left to grab. Because it’s not just about gender and ethnic diversity, it’s passport diversity, life experience diversity, age diversity… There are a lot of elements.
When it comes to board composition, a new report suggests there’s still a long way to go before U.S. boards can shine as an example of diversity.
boardmember.com