The yearslong push to diversify boardrooms appears to be paying off.
Women comprised 45% of all new Fortune 500 board appointments in 2021, a new high, while Black directors were 26% of new appointees, a tad lower than 2020 after a surge that year, according to a report released Wednesday morning by executive search and leadership consulting firmThe yearslong push to diversify boardrooms intensified in 2020 after companies were spurred to action in the aftermath of the killing of George Floyd — and it appears to be paying off.
Overall, the percentage of women on boards has slowly risen to 29%, from 19% when Heidrick first published this report in 2015. It was expected that board members typically had experience as a CEO, or maybe a CFO, and had previously served on a board. Those roles were typically held by white men — so you can see the problem.
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