Only 1 In 5 New Board Appointees At Fortune 500 Companies Are Not White

*It’s not close to where is should be, but 6.4% Latinos in Fortune 500 company boards is better than 4%. VL
By Stacie Jones and Grace Donnely, Fortune (2.5 minute read) ![]()
After slipping for two years, the share of board of director appointees from underrepresented groups at Fortune 500 companies has surpassed its old record.
Twenty-two percent of new board director appointees last year were African-American, Hispanic or Latino or Asian American, according to a new study from executive search firm Heidrick & Struggles‘ new Board Monitor report, up from 21.4% in 2013.
While the share of African-American appointees was virtually unchanged from 2015 at 9.3%, Hispanic or Latino and Asian American appointees saw significant gains. Each group grew to 6.4%, up from 4.0% and 4.8% respectively.
The new data also shows a reversal of a downward trend that began in 2014, when the share of board appointees from underrepresented groups fell to 18.6%, and 2015, when it fell again to 18.1%.
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