Since last June, 145 S&P 500 companies have added at least one Black director, a much faster pace than past years, reports Bloomberg
(14 May, Green), citing recruiter Russell Reynolds Associates. Meanwhile, Latino board appointments at public companies quadrupled from a year ago, and — for the first time — women hold almost one-third of all seats on the S&P 500. Keith Meyer, the co-head of board and chief executive for recruiting at Allegis Partners, said as recently as a year ago, only around half of his clients asked about finding women and minority candidates. Now, "90+ percent of every board search that we’ve been asked to execute in the last nine months has had a strong focus on diversity, especially ethnic diversity," Meyer said. The momentum has largely been driven by quotas, like Nasdaq's proposal for listed companies to have at least one female and one underrepresented director. The US Securities and Exchange Commission (SEC) will decide by August whether to approve Nasdaq’s proposal.
From "Boards Are Adding More Women and Minorities Ahead of Nasdaq Rule"
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