January 16, 2008
Race and Corporate Boards
Posted by Daniel Sokol

Since I blogged about gender and corporate boards, I thought I would follow up with something on race based diversity in the boardroom.  A new working paper on African-American Diversity in the Boardrooms of the US Fortune 500: Director Presence, Expertise and Committee Membership suggests that race is a factor in board assignments.  The paper finds that " black directors are more (less) likely than whites to sit on audit and public affairs (executive) committees. Black female directors are more likely than both white females and black males to serve on finance committees."  I wonder if some countries around the world have moved to the sort of legislative board membership percentage on race the way that Norway has with regard to gender and if so, what the impact has been for firms.

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