BLACK ENTERPRISE (B.E.) has released its latest exclusive report on African American representation on the corporate boards of 250 of America’s largest publicly-traded companies today on BlackEnterprise.com.
In its second annual report focused on African American representation of corporate boards, “the media company identifies 176 African American directors at S&P 250 largest companies, including American Express, Walmart, Xerox and Carnival Corporation, on the BLACK ENTERPRISE Registry of Corporate Directors.”
Read more inside: Black Enterprise Wealth for Life. The registry and report can be found here. Remarkably, the report “reveals 74 companies with no African American representation among their boards of directors.”
The report, “Power in the Boardroom,” is also featured as the cover story in the July-August 2014 issue of BLACK ENTERPRISE Magazine.
BLACK ENTERPRISE reports that “corporate boards have become less diverse over the past several years.
According to a report from the Alliance of Board Diversity, in 2012, white men held 75% of board seats on the 500 largest publicly traded companies, versus 5.5% for African American men and 1.9% for African American women.
Rev. Jesse Jackson, founder and president of the civil rights group Rainbow PUSH Coalition, is among the those challenging the lack of board diversity, taking aim at Silicon Valley high technology companies, like Google Facing Test on Diversity, and pressing top management on the subject.”
By denying African Americans access to a seat at the table, they have made a detestable statement that they seek to maintain these preserves of white male privilege and dominance.” – Earl “Butch” Graves Jr., CEO and President of BLACK ENTERPRISE
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