Racial and Ethnic Diversity on U.S. Corporate Boards – Progress Since 2020

As the following graph demonstrates, 2022 has set a record by being the first year when all S&P 500 companies included at least one racially/ethnically diverse director, with the number of non-diverse S&P 500 boards going from 11 percent in 2020 to 5 percent in 2021 and zero in 2022. A record 36 percent of S&P 500 companies now have three racially/ethnically diverse directors on board. And 31 percent of companies have four racially/ethnically diverse directors.

Source: Racial and Ethnic Diversity on U.S. Corporate Boards – Progress Since 2020