Business Insider: America's Lack of Boardroom Diversity Isn't Just a PR Problem, It's a Business Problem That Will Make Companies More Vulnerable in a Downturn
Originally found at Business Insider
Behind almost every Fortune 500 CEO is a group of powerful people calling the shots: the executive board. And the makeup of those boards matters. Their worldviews and personal backgrounds shape the actions of the heads of companies, who report to boards.
Of 5,403 board members at Fortune 500 companies, 69% were male and 78.5% were white, according to analysis by Mogul, a recruitment platform that seeks to place executives from underrepresented backgrounds. More than a dozen companies had no board members of color, according to the report, which relied on 2021 data.
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Read the original research in Academy of Management Journal.
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Learn more about the AOM Scholars and explore their work:
- Corinne Post, Villanova University
- Christophe Boone, University of Antwerp