Following a pressure campaign from outsiders, more companies are disclosing the racial breakdowns of their boards of directors.
NEW YORK -- Amid the push to get U.S. boardrooms to look more like companies’ customers and employees, advocates are finally seeing just how steep the task will be.
The survey found only 6.2% of directors are Black, versus 13.4% of the country. And the 5% of directors who are of Asian or Pacific islander descent also fell short of the 6.1% for the entire U.S. population. Bigger companies tend to have more diverse boards than smaller companies. But more across the board are being transparent about the racial breakdown for their board of directors. A big reason for that is because they're being forced to, with pressure coming from stock exchanges, regulators and investors.
Investors are making similar pushes, arguing that more diverse boards lead to more points of view and better decision-making. They want boards to look more like their employees and customers, which are increasingly diversifying along the country's trends, to better understand them. Some of the requirements to increase diversity have met stiff resistance. California, for example, passed a law in 2020 requiring companies with principal offices in the state to have a minimum number of directors from an underrepresented community. That includes people who self-identify as Black, Hispanic, Asian, gay, lesbian, bisexual or transgender.
Her research found that board appointments went up substantially for directors of Asian, Middle Eastern and North African descent after the signing of the California law. But the number of appointments for Black directors did not. That’s likely because California companies were substituting nominees from the first group for the second to comply with the rule, she said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
U.S. Marshals release possible vehicle information for escaped inmate, corrections officerU.S. Marshals release information regarding the car driven by fugitives, Casey White and Vicky White.
Baca lebih lajut »
Trevor Reed prisoner exchange fuels new push for Biden to make trades for other hostagesThe surprise prisoner exchange that led to Trevor Reed's release from Russia is emboldening the families of other hostages to apply new pressure on the Biden administration to make deals for their loved ones as well.
Baca lebih lajut »
Expect rise in US COVID deaths, hospital admissions over next 4 weeks: CDC forecastExpect rise in US COVID deaths, hospital admissions over next 4 weeks: CDC forecast.
Baca lebih lajut »
Expect rise in US COVID deaths, hospital admissions over next 4 weeks: CDC forecastDaily hospital admission levels and COVID-related deaths in the United States are both forecasted to increase in the coming weeks.
Baca lebih lajut »
Viaplay Unveils Cast, First Stills of Dystopian Norwegian Series ‘The Fortress’ (EXCLUSIVE)Viaplay’s next Norwegian original series “The Fortress” is currently shooting in Bergen with a cast including Tobias Santelmann (“Kon-Tiki”), Selome Emnetu (“Luk…
Baca lebih lajut »
Robert White Pledges To Expand Vocational Education Options And Open Public Boarding SchoolsD.C. Councilmember Robert White pledged to dramatically expand vocational education and open a network of public boarding schools if he’s elected mayor, a plan he frames as another tool to help reduce crime in the city.
Baca lebih lajut »