Minorities Fill More Board Seats; Follow Lead Of Women

Jan. 13, 2005
Ethnic minority directors captured more seats on corporate boards last year and now have a presence in 60% of America's boardrooms, according to New York-based Korn/Ferry International, an executive search firm. "Ethnic minority directors are gaining ...

Ethnic minority directors captured more seats on corporate boards last year and now have a presence in 60% of America's boardrooms, according to New York-based Korn/Ferry International, an executive search firm. "Ethnic minority directors are gaining ground, and we expect this trend to continue as more and more companies recognize the value of their insights and contributions," reports Craig L. Fuller, chairman of Korn/Ferry International's global board services practice. "In the past 10 years, women made giant strides in numbers of corporate board seats. Now we are seeing similar gains by ethnic minorities who are narrowing the gap with women." Pharmaceutical companies are the leaders in both women and minority directors. Ninety-three percent of these companies have at least one woman on the board, and 71% have at least one minority director. America's largest companies -- with at least $20 billion in annual revenue -- also report a larger concentration of women and minority directors than average -- 95% and 82%, respectively. The 1999 Korn/Ferry International Annual Board of Directors Study analyzed proxy information from more than 900 of the largest U.S. corporations.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!