Alliance for Board Diversity Report
LEAP is proud to announce the release of the Missing Pieces Report: The 2018 Board Diversity Census.
This study is the culmination of a multiyear effort organized by the Alliance for Board Diversity, collaborating with Deloitte for the 2016 and 2018 censuses, which has examined and chronicled the representation of women and minorities on public company boards of directors across America’s largest companies.
Originally organized as a “snapshot” of board diversity, the data since accumulated over time has allowed for the development of information on trends relative to overall diversity as well as the comparative differences in rates of representation among minorities and women over a period of more than a decade.
Here are some key highlights for this year's Asian/Pacific Islanders:
Asian/Pacific Islander women achieved an increase in board seats of 38.6% in the Fortune 500 since 2016.
Asian/Pacific Islander men gained 25 seats in 2018 Fortune 500, an increase of 20.3% from 2016.
Asian/Pacific Islander women achieved an increase in board seats of 30.8% in the Fortune 100 since 2016.
Asian/Pacific Islander women hold the lowest recycle rate amongst all minority groups. This refers to the rate of any one person serving on multiple boards.
Despite the growth in board seats for Asian/Pacific Islanders (API), this trend masks some significant challenges and issues. API representation from started from such a low starting number of seats that the gains seen in this year’s report do not move the needle much. Additionally, API board representation gains do not match the rate at which the community is growing, and the lack of API perspectives has a direct and negative effect on a company’s ability to understand and meet the needs of their customers.
Below are images summarizing some of the overall key findings of the 2018 report:
About the Alliance for Board Diversity
Founded in 2004, the Alliance for Board Diversity is a collaboration of four leadership organizations: Catalyst, the The Executive Leadership Council (ELC), the Hispanic Association on Corporate Responsibility (HACR), and LEAP (Leadership Education for Asian Pacifics). Diversified Search, an executive search firm, is a founding partner of the alliance and serves as advisor and facilitator. The ABD’s mission is to enhance shareholder value in Fortune 500 companies by promoting inclusion of women and minorities on corporate boards. More information about ABD is available at www.theabd.org/.
For previous LEAP report findings, visit: www.leap.org/leap-board-representation-research