Minority Representation on US Boards Rises to 20%, Group Says

One in five board seats at the 3,000-largest U.S. companies is now held by a person of color, but representation still lags as a proportion of the racial and ethnic makeup of the U.S. population, according to a study by ISS Corporate Solutions Inc.

The study showed an increase of racial or ethnic minority board members across the companies over a four-year period from Jan. 1, 2019 to Jan. 1, 2023. Among the minority groups, seats held by Black individuals saw the largest jump, increasing 90% over the study period. Black directors now hold 8.3% of all board ...