OUR BOARDROOM “INBREEDING” PROBLEM
(April, 2017) Corporate boardroom diversity has become a hot business topic of late, but an article in the April issue of online monthly Boardroom INSIDER notes that America’s “inbred” boards still have a long way to go.
“It’s remarkable how little has changed in boardroom makeup in recent decades,” write BI publisher and boardroom speaker Ralph Ward. He notes that a recent IRRC study found a surprisingly tight age spectrum in Fortune 500 boardrooms, with the media age of 62.4 years varying little above or below that figure.
The article also notes that, while female representation increased between 18% and 21% from 2012 to 2016, that this “measures from a low starting point, with most progress still at Fortune 100 firms.” Ward writes that the who-knows-who approach still common in board recruiting “imposes a narrow band of age, vitae, skills, geography and probably outlook.”
Also in the April Boardroom INSIDER: