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Report: Corporate boards tapping limited circle of executives of color to fill open slots

Jun. 08, 2021 09:37PM EST
Dan Ackermann
Data: Deloitte and the Alliance for Board Diversity; Chart: Will Chase/Axios

Corporate boards are getting less white and male, but companies are "recycling" to achieve the feat — i.e., tapping a limited circle of executives of color to fill open slots.

Why it matters: In some cases, more diversity came "by recycling ... existing Fortune 500 board members rather than bringing in new individuals with different skills, backgrounds, and perspectives," according to a report out today by Deloitte and the Alliance for Board Diversity.

  • Roughly 36% of board seats held by people of color were occupied by executives on several boards last year. That doesn't account for involvement on boards outside the Fortune 500.
  • Two out of every five Black board members belong to several boards.
  • Hispanic/Latina women serve on roughly 1.3 Fortune 500 boards. Compare that to white men, who serve on an average of 1.1.

Sober stat: No Fortune 500 corporate boards are representative of U.S. demographics.

See the report.

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Artificial intelligence brings dangerous new element to a nuclear game that is 75 years old

75 years after Hiroshima and Nagasaki, some experts believe the risk of the use of a nuclear weapon is as high now as it has been since the Cuban missile crisis.

The big picture: Nuclear war remains the single greatest present threat to humanity — and one that is poised to grow as emerging technologies, like much faster missiles, cyber warfare and artificial intelligence, upset an already precarious nuclear balance.

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