Corporate boardroom diversity sinks to lowest in more than a decade: Analysis
Summary
A new report shows that diversity in the leadership teams of top U.S. companies has fallen to its lowest point in over ten years. The study focused on companies in the S&P 500 index and found fewer diverse members have been added to corporate boards since 2021.Key Facts
- The report was released by Spencer Stuart, a global advisory search firm.
- Diversity on corporate boards of S&P 500 companies reached its highest level, 72 percent, in 2021.
- Since 2021, the number of diverse board appointments has dropped each year.
- This decline marks the lowest level of boardroom diversity in over a decade.
- The analysis focuses specifically on diversity in leadership roles at large U.S. companies.
- "Diversity" includes factors such as race, gender, and ethnicity of board members.
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