Showing posts with label blacks on board of directors. Show all posts
Showing posts with label blacks on board of directors. Show all posts

Wednesday, December 16, 2015

Black presence on U.S. boards shrinks, hedge funds cited by some

African-Americans have become a shrinking presence in the boardrooms of the biggest U.S. companies in recent years, setting back a push by pension funds for greater diversity.

African-Americans, who make up about 13 percent of the U.S. population, account for 8.6 percent of the directors on the boards of the largest 200 companies by revenue in the S&P 500 in 2015, down from 9.6 percent in 2010, according to the annual Board Index study by Spencer Stuart, one of the largest executive search firms. The figure was 9 percent in 2006, the first year the firm reported the measure.

Read more: Black presence on U.S. boards shrinks, hedge funds cited by some