Corporate Boards Leave Out Minorities, Women

July 29, 2011  |  

(Bloomberg) — Women and minorities remain underrepresented in U.S. corporate boardrooms, crimping companies’ potential to lead in the global economy, a report by the Alliance for Board Diversity showed.  White men held about 70 percent of the 1,211 board seats at Fortune 100 companies last year, little changed from 71 percent in 2004, said the alliance, which advocates the inclusion of women and minority directors. Women added 16 seats, a 1.1 percentage point gain the group called “not appreciable.” The biggest minority groups were African-American men at 7.3 percent, Hispanic men at 3.1 percent, and African-American women at 2.1 percent.

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