America’s most prestigious corporate boards are still being filled by mostly white men

So how much is changing? Some 974 board seats were filled by directors new to Fortune 500 boards since 2018, the report found. Of those seats, 81% were filled by white directors and 54% were filled by white men.

— Alliance for Board Diversity report in collaboration with Deloitte Women and people of color occupied 38% of Fortune 500 companies’ board seats in 2020, an increase from 34% in 2018. Women overall made up 27% of board seats in 2020, while people of color overall made up close to 18%. In fact, none of the Fortune 500 boards adequately represents the shares of women, Black or African American, Hispanic or Latino, or Asian and Pacific Islander people in the U.S. population.There was some notable progress. White women in the Fortune 500 gained the most ground of any group or gender, boosting their boardroom presence by 209 seats between 2018 and 2020, or 21%.

Data from the Fortune 100 showed bigger strides in board diversity: Women and people of color made up 42% of board seats in 2020, exceeding the Fortune 500’s 40% goal, and Latino and Black representation was higher than it was for the Fortune 500. The number of companies with more than half their boards made up of women and people of color also rose from 10 in 2018 to 19 in 2020.

California, which was the first state to require women’s representation on boards of publicly held corporations, also established a law last fall mandating that publicly traded California-based companies have at least one board member from an underrepresented group with respect to race, ethnicity, sexual orientation or gender identity by the close of 2021.

Me, in April 2019:

this is terrible news

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