DiversIQ Releases Board of Directors Diversity Dashboard

Today we released our new board of directors diversity dashboard, featuring race, gender, ethnicity, and LGBTQ data and insights for the boards of every S&P 500 company. The sortable dashboard, which will continue to be updated by our analysts in real-time, details several metrics of interest to institutional investors, including the type of disclosures made by each company, the overall diversity of each company’s board, and a wide range of granular company and industry sector data.

Looking at the current makeup of the S&P 500 over time, our analysts uncovered a number of insights about board diversity, including: 

  • Full disclosure is increasing, but still rare. In their latest disclosure, 115 S&P 500 companies (23.0%) disclosed what is required by NASDAQ’s Board Diversity Rule, up from just 14 companies the prior year (2.8%).
  • Overall board of directors diversity: The overall diversity of S&P 500 boards, as measured by the number of women and underrepresented groups in director positions, stands at 46.0%, a 37.3% increase since 2017. 
  • Women: 31.6% of S&P 500 board members are women, up from 22.3% in 2017. Organon, Omnicom Group, Paramount, Citigroup and American Water Works lead the S&P 500 with the highest percentage of women directors.  
  • Five companies have more than half of their board comprised of directors from underrepresented groups. These outlier companies – Monolithic Power Systems, Accenture, Mastercard, Fortinet and ADM — lead the S&P 500 with the highest percentage of board members who identify as Black, African American, Hispanic, Latino, Asian, Pacific Islander, Native American, Native Hawaiian, Alaska Native, or LGBT. In total, 23.3% of S&P 500 board members come from these underrepresented groups, a 44.7% increase since 2017.  
  • LGBTQ board disclosures are on the rise, but representation remains elusive. 25.6% of companies disclosed the aggregate number of LGBTQ directors on their boards, up from 6% in the prior year. However, only 57 seats, or 1% of the total number of existing board seats in the S&P 500, are held by LGBTQ+ directors, and only 52 companies (10.4%) have at least 1 LGBTQ director on their board.

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