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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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Consumer prices shot up 0.9% in June as rate of inflation remains at 13-year high

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Data: Al Jazeera and AP; Map: Axios Visuals

The Taliban captured the cities of Ghazni and Herat on Thursday, the 10th and 11th provincial capitals to fall to the militant group in recent days, AP reports.

Why it matters: Herat is the third-largest city in Afghanistan. Ghazni is the closest provincial capital to Kabul to fall to the Taliban — putting their frontlines within 100 miles of the heart of Afgahn government. Capturing Ghazni also cuts off a key highway linking it with Afghanistan's southern provinces.

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