Founded in 2004, the Alliance for Board Diversity (ABD) is a collaboration of four leadership organizations: Catalyst, The Executive Leadership Council, the Hispanic Association on Corporate Responsibility, and Leadership Education for Asian Pacifics, Inc. The Prout Group Inc., an executive search firm, is a founding partner of the alliance and serves as advisor and facilitator. The mission of the Alliance for Board Diversity is to enhance shareholder value by promoting inclusion of women and minorities on corporate boards.
The Alliance for Board Diversity believes that corporate governance can best deliver on its duty to shareholder interests when corporate boards:
- Include directors qualified women and minorities with diverse talents, backgrounds and perspectives.
- Make independent decisions based on knowledge of the external environment and how it impacts the company.
- Enhance public trust by acknowledging the interests of all stakeholders, including shareholders, employees, customers, suppliers, and the communities they impact with goods and services.
The members of the Alliance for Board Diversity are committed to the following as they pertain to women and minorities within the boardrooms of corporate America:
- Offer referrals of qualified candidates through its member and partner organizations that can help facilitate boardroom diversification.
- Conduct research to measure changes in the demographic makeup within Fortune 500 boards and raise awareness of these findings.
- Ally with and/or support like-minded organizations that are committed to the issue of diverse boardroom composition as a vital shareholder concern, as well as with organizations that affect boardroom diversity.
The ABD publishes the following joint reports that take a look at the representation of women and minorities on Fortune 500 boards:
Alliance for Board Diversity Members
Founded in 1962, Catalyst is the leading nonprofit membership organization expanding opportunities for women and business. With offices in the United States, Canada, and Europe, and more than 400 preeminent corporations as members, Catalyst is the trusted resource for research, information, and advice about women at work. Catalyst annually honors exemplary organizational initiatives that promote women’s advancement with the Catalyst Award.
The Executive Leadership Council is an independent, non-profit 501(c)(6) corporation founded in 1986, providing African-American executives of major U.S. companies with a professional network and forum to offer perspective and direction on national and international business and public policy issues. Their programs develop future business leaders, filling the pipeline from the classroom to the boardroom. Council members—more than 400 executives, more than one-third of them women—represent more than 280 Fortune 500 corporations.
Founded in 1986, the Hispanic Association on Corporate Responsibility (HACR) is one of the most influential advocacy organizations in the nation representing 16 national Hispanic organizations in the United States and Puerto Rico. Their mission is to advance the inclusion of Hispanics in Corporate America at a level commensurate with their economic contributions. To that end, HACR focuses on four areas of corporate responsibility and community reciprocity: employment, procurement, philanthropy, and governance.
Founded in 1982, Leadership Education for Asian Pacifics, Inc (LEAP) is a national nonprofit organization with a mission to achieve full participation and equality for Asian and Pacific Islanders (APIs) by providing the training to develop leaders nationwide. With original programs in leadership training, public policy research and community education, LEAP is uniquely positioned to expand the civic participation, public understanding and leadership development of APIs.
About Our Partner
The Prout Group Inc. is a retained executive search firm that places board members and senior level executives across the country. Headquartered in Cleveland and with an office in New York, the firm leverages their experiences and resources and presents an inclusive slate of candidates on every search assignment. Since the firm’s founding in 2002, one-third of the firm’s placements have been males of color, one-third women, and one-third white males. The Prout Group Inc. is a member of the Association of Executive Search Consultants (AESC) and is a certified Minority Business Enterprise (MBE).