Women In Business: Top US Companies See 25% Increase In Female Leaders On Corporate Boards, Study Says
The following is an excerpt from LYDIA O'NEAL | February 6, 2017 | ibtimes.com |
Among the 500 largest U.S. companies, also known as the Fortune 500, just under 31 percent of board seats belonged to women and minorities in 2016, leaving nearly 70 percent of seats to white men, a new study released Monday found. The portion of female and non-white board members grew only slightly over that of 2012, when they held just a quarter of board seats, compared to 75 percent filled by white men, according to the study conducted by the consulting firm Deloitte and the Alliance for Board Diversity, a group of organizations advocating for workplace advancement of women and minorities.
While the study reported growth of corporate board diversity, it also noted that “the pace at which the Fortune 500 boards are becoming more diverse is slow.” When it came to board leadership, the disparity was even starker, with white men constituting nearly 82 percent of all lead directors and 90.5 percent of board chairs, compared to, respectively, 1.2 percent and less than half of a percentage point of minority women, who made up the smallest share
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