Alliance for Board Diversity Report
Despite modest gains, women and minorities see little change in representation on Fortune 500 Boards.
The Alliance for Board Diversity (Catalyst, Inc., the Executive Leadership Council, the Hispanic Association on Corporate Responsibility, and Leadership Education for Asian Pacifics, Inc, Diversified Search) and Deloitte published a joint report on February 6th, 2017 about boardroom diversity in Fortune 100 and Fortune 500 companies.
The report, “Missing Pieces Report: The 2016 Board Diversity Census of Women and Minorities on Fortune 500 Boards,” a multiyear study published by the Alliance for Board Diversity (ABD), collaborating with Deloitte for the 2016 Census, highlights the progress to date that has been made for women and minorities on corporate boards, though overall representation remains low at 30.8%. For Asian and Pacific Islanders (APIs) specifically, APIs only account for a total of 167 or 3.1% of the Fortune 500 seats and 38 seats or 3.2% in the Fortune 100. This is the culmination of workplace issues that negatively affect APIs especially the model minority myth that excludes APIs from leadership consideration. The small number of board seats held by APIs is the logical end point of this trend. Below is an infograph of LEAP's findings on API representation.
Founded in 2004, the Alliance for Board Diversity is a collaboration of four leadership organizations: Catalyst, Inc., the Executive Leadership Council (ELC), the Hispanic Association on Corporate Responsibility (HACR), and Leadership Education for Asian Pacifics, Inc. (LEAP). 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 and access to the “Missing Pieces Report: The 2016 Board Diversity Census of Women and Minorities on Fortune 500 Boards” is available at http://theabd.org/.