Continued Focus On Diversifying The Boardroom – Corporate/Commercial Law – United States

Continued Focus On Diversifying The Boardroom – Corporate/Commercial Law – United States

The 2021 U.S. Spencer Stewart Board Index found that directors
from historically underrepresented groups accounted for 72 percent
of all new directors at S&P 500 companies, up from 59 percent
in 2020. Female representation increased to 30 percent of all
S&P 500 directors. Despite the record number of new directors
from historically underrepresented groups, the overall
representation of some demographic groups on S&P 500 boards
falls short of their representation in the U.S. population. For
example, although 42 percent of the U.S. population identifies as
African American, Hispanic, Asian, American Indian/Native Alaskan
or multiracial, those groups make up only 21 percent of S&P 500
directors.1
A report published by the Conference Board in October 2021 found
that, for the first time in its annual analysis of proxy
statements, in 2021 the majority of S&P 500 companies disclosed
the racial makeup of their boards. The disclosures show that
women’s representation on boards continues to increase, but
boards remain overwhelmingly white.2

USA: Continued focus on diversity in the board room.

https://www.mondaq.com/unitedstates/diversity-equity-inclusion/1168466/continued-focus-on-diversifying-the-boardroom

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