Although many organizations are making conscious strides to improve workplace fairness, boards of directors still face inequalities in representation. Even at Fair360 Top 10 companies, women constitute just one-third of board members. Women of color represent 11% of members.
Organizations that want to move the needle on board representation must look beyond the board itself. The barriers to board equity and inclusion begin much further down the management chain. They must also examine their internal processes for promotion and advancement.
Disconnects Between Representation and Fairness Commitments
From 2022 to 2023, very little changed regarding board representation at all surveyed companies. In some cases, representation for historically underrepresented groups even fell. Latino men, for example, saw their representation on corporate boards fall to an average of 3.4% of total members.
