Diversity Push Barely Budges Corporate Boards to 12.5%, Survey Finds

SourceThe New York Times
SectorEconomy
CountryMiddle east

Despite pledges to nominate more members of underrepresented ethnic and racial groups, companies have made little progress over the last five years. Diversity level of corporate boards Share of board seats filled by directors who are Hispanic*, Black, Asian-American, Pacific Islander or Native American. Industry and percentage-point change from 2015 to 2020. Information tech. +3.9 Utilities +1.3 % 16 Consumer staples +2.2 Comm. services +3.3 14 Materials +3.6 Consumer discretionary +2.6 Health care +3.3 12 Industrials +3.0 Financials +2.0 10 Real estate + 2.8 Energy +2.5 8 6 ’15 ’16 ’17 ’18 ’19 ’20 Diversity level of corporate boards Share of board seats filled by directors who are Hispanic*, Black, Asian-American, Pacific Islander or Native American. Industry and percentage-point change from 2015 to 2020. Information technology +3.9 pts. Utilities +1.3 16 % Consumer staples +2.2 Communication services +3.3 14 Materials +3.6 Consumer discretionary +2.6 Health care +3.3 12 Industrials +3.0 Financials +2.0 10 Real estate + 2.8 Energy +2.5 8 6 ’15 ’16 ’17 ’18 ’19 ’20 *Note: Hispanics can be of any race.Source: Institutional Shareholder Services’ ESG divisionBy Karl RussellBy Peter EavisCorporations in the United States have pledged for years to increase the number of Hispanic, Black, Asian-American and other underrepresented members on ...read more...