The Next Edition
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
No Result
View All Result
The Next Edition
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
Home Top News

Black Americans, Women Make Big Strides On Top U.S. Corporate Boards – Report

Next Edition by Next Edition
October 20, 2021
in Top News
Black Americans, Women Make Big Strides On Top U.S. Corporate Boards – Report

People celebrate Juneteenth, which commemorates the end of slavery in Texas, two years after the 1863 Emancipation Proclamation freed slaves elsewhere in the United States, at Black Lives Matter Plaza in Washington, D.C. U.S., June 19, 2021. REUTERS/Ken Cedeno.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Black people made record-breaking gains over the past year in securing seats on boards of S&P 500 companies, according to a report from executive search firm Spencer Stuart released on Tuesday.

The report indicated that women came close to accounting for a third of corporate directors.

You might also like

Medical Doctor, 2 Others Remanded For Alleged Child Theft In Anambra

Police Re-Arrest Enenche Enenche In Abuja Amid Trial For Alleged Cyberstalking Of Dunamis Pastor Paul Enenche

Senate Begins Public Hearing On Constitution Review In Lagos

Ethnic and racial minorities accounted for 47 per cent of all new directors, compared to 22 per cent in the prior year, according to the report.

Nearly all of the increase came from the appointment of Black directors, who made up 33 per cent of new board seats from May of 2020 through May of 2021, up from 11 per cent in the prior period.

Julie Daum, who leads the North American board practice at Spencer Stuart, said there was a “very conscious effort” by corporate America to recruit African-American directors after the murder of George Floyd last spring and the Black Lives Matter movement.

Black Americans now account for 11 per cent of board seats at S&P 500 companies, edging closer to their roughly 13 per cent representation in the general U.S. population, the report found.

Women now make up 30 per cent of all S&P 500 directors, a key threshold that advocacy organisations including the Thirty Percent Coalition have called for.

The figure is up from 28 per cent a year earlier and 16 per cent a decade ago, the report found.

“It took a long time to get there,” Daum said.

READ ALSO: DSS Arraigns Teenage Girl For Circulating Nude Video Of Retired Bayelsa Perm. Sec.

Spencer Stuart found that adding women directors fell from the third most important priority for boards to 10th, which Daum called “discouraging.”

“There is a feeling that we got there, so we don’t have to focus on it,” she said.

The percentage of new directors who are women fell to 43 per cent over the last year from 47 per cent, according to the report.

Hispanics and Latinos accounted for 5 per cent of corporate directors versus their 18.5 per cent share of the U.S. population, the report found.

Of new directors, Hispanics and Latinos made up seven per cent, an increase of three per cent from the prior year.

The report looked at S&P 500 boards over a one-year period ending in May 2021.

Most of the new directors from racial and ethnic minorities were additions to boards, rather than replacements, Daum said.

The retirement age for board directors continues to rise, according to the report.

Boards that set the mandatory retirement age for directors at 75 or over, accounted for 51 per cent of those with such policies, up from 48 per cent the prior year.

About 70 per cent of S&P 500 boards have a mandatory retirement policy, according to the report.

Spencer Stuart is a global leader in executive search and the adviser of choice to top companies seeking counsel on senior leadership needs.

Their clients include leading multi- national corporations, medium-sized businesses, entrepreneurial startups, and non-profit organisations across a variety of industries. (Reuters/NAN)

Tags: BidenBlack AmericansFBIprotestUSwomen
Next Edition

Next Edition

Recommended For You

Kaduna Govt Charges ‘Fake’ Doctor Who Worked For 11 Years To Court

Medical Doctor, 2 Others Remanded For Alleged Child Theft In Anambra

  The Anambra State Children, Sexual and Gender-based Violence Offences Court sitting in Awka has remanded a 72-year-old doctor and two women for allegedly stealing and selling a...

Police Re-Arrest Enenche Enenche In Abuja Amid Trial For Alleged Cyberstalking Of Dunamis Pastor Paul Enenche

Police Re-Arrest Enenche Enenche In Abuja Amid Trial For Alleged Cyberstalking Of Dunamis Pastor Paul Enenche

  The Nigerian police have arrested Obonyilo Peter Enenche, popularly known as 'Enenche Enenche', in Abuja. He was last seen on Thursday at the birthday celebration of Senator...

Senate Investigates Killing Of 16 Nigerian Army Personnel In Delta

Senate Begins Public Hearing On Constitution Review In Lagos

  The Senate has officially commenced its much-anticipated public hearing on the comprehensive review of the 1999 Constitution, aiming to address critical reforms that could reshape the country’s...

Alt="Independent National Electoral Commission (INEC) Logo"

INEC Receives 12 Additional Party Registration Requests

  Mahmood Yakubu, INEC chairman facebook sharing buttontwitter sharing buttonemail sharing buttonsharethis sharing buttonwhatsapp sharing button The Independent National Electoral Commission (INEC) says it has received 12 additional...

Next Post
Tiwa Savage Trends On Twitter Due To Release Of S*x Tape

Tiwa Savage Trends On Twitter Due To Release Of S*x Tape




Related News

COVID-19: 29 Quarantined In Anambra

COVID-19: 29 Quarantined In Anambra

Obaseki’s Governance Of Edo Akin To Our Worst Military Experience – Tinubu

2023: I’m Confident Of Winning Presidential Election, Says Tinubu

Lockdown: Kwara Re-opens Juma’ah Mosques After 12 Weeks Closure

Lockdown: Kwara Re-opens Juma’ah Mosques After 12 Weeks Closure




The Next Edition

Office Address

3B, Agboola Aina street, Off Toyin Street,
Ikeja, Lagos.

Quick Contact Details

Phone:
08033018430
Whatsapp:
08051679910

Email:
[email protected]
[email protected]

Categories

  • Aviation
  • Beauty
  • Breaking News
  • Business
  • Columnists
  • Editorial
  • Entertainment
  • Fashion
  • Featured
  • Football
  • Foreign
  • Headline News
  • Home & Garden
  • Interviews
  • Investigations
  • North Central
  • North East
  • North West
  • Opinion
  • Parenting
  • Politics
  • Relationships
  • South East
  • South West
  • South-South
  • Special Reports
  • Sports
  • Top News
  • Vox Pops

© Next Edition Business Development Limited

  • About Us
  • Advert Rate
  • Contact Us
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate

© Next Edition Business Development Limited