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The Wall Street Journal
People of Color Fill One Out of Five Corporate Board Seats for the First Time
Racial and ethnic minorities now hold 20% of all board seats at the nation’s largest public companies for the first time, according to a new study. Black people have experienced some of the biggest gains, according to ISS Corporate Solutions Inc., an analytics firm that provides corporate governance data to companies and a unit of Institutional Shareholder Services Inc. Black directors now hold 8.3% of all board seats, up from 4.4% four years ago. “Though their proportional numbers remain behind those of the U.S. population as a whole, these figures nevertheless represent a watershed moment for minority corporate directors broadly and Black directors in particular,” said Marija Kramer, head of ICS.
