Despite the increasing focus on racial and ethnic diversity by corporate boards in a climate where companies increasingly are evaluated on social impact and responsibility, there remains a substantial shortage of Asian representation on Fortune 1000 boards, according to a new report from Ascend Foundation , Ascend Pinnacle corporate board director network, and KPMG ...
Asians occupy only 3.7 percent of all board seats in the Fortune 1000 in contrast to the 12 percent of the professional workforce.
The fact that over 70 percent of Fortune 1000 companies do not have Asian representation on their boards today is significant. We look forward to working with companies committed to increasing diversity on their board.
It is notable that larger companies are more likely to have Asian directors. While only 28.4 percent of all Fortune 1000 companies have at least one Asian director, 41.7 percent of Fortune 100 companies have an Asian director perspective in the boardroom.
Login to comment.