*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%.