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Expand chart
Data: Deloitte and the Alliance for Board Diversity; Chart: Will Chase/Axios

Corporate boards are getting less white and male, but companies are "recycling" to achieve the feat — i.e., tapping a limited circle of executives of color to fill open slots.

Why it matters: In some cases, more diversity came "by recycling ... existing Fortune 500 board members rather than bringing in new individuals with different skills, backgrounds, and perspectives," according to a report out Tuesday by Deloitte and the Alliance for Board Diversity.

  • Roughly 36% of board seats held by people of color were occupied by executives on several boards last year. That doesn't account for involvement on boards outside the Fortune 500.
  • Two out of every five Black board members belong to several boards.
  • Hispanic/Latina women serve on roughly 1.3 Fortune 500 boards. Compare that to white men, who serve on an average of 1.1.

Sober stat: No Fortune 500 corporate boards are representative of U.S. demographics.

See the report.

Go deeper

Sep 13, 2021 - Politics & Policy

First look: Harris veterans launch firm to protect CEOs from being canceled

Jon Henes, CEO of C Street Advisory Group. Photo: Matthew Starr, via C Street

A group of Vice President Kamala Harris' campaign veterans is launching a strategy firm to help CEOs avoid getting “canceled” and to advise companies how to respond to changing cultural norms before they're faced with a crisis.

Driving the news: C Street Advisory Group, led by CEO Jon Henes, a former national campaign finance chair for Harris’ presidential campaign, will draw on the group's broad political network to help corporate America diversify its workforce.

Mike Allen, author of AM
2 hours ago - Energy & Environment

Laurene Powell Jobs' $3.5 billion climate campaign

Laurene Powell Jobs, president of Emerson Collective, is investing $3.5 billion in her new climate-action group, the Waverley Street Foundation — all to be spent in 10 years, as a way to show urgency on the issue.

  • Then the group will sunset.

The big picture: The foundation "will focus on initiatives and ideas that will aid underserved communities who are most impacted by climate change," an official tells Axios.

R. Kelly found guilty of racketeering and sex trafficking

Photo: Nuccio DiNuzzo/Getty Images

Singer R. Kelly on Monday was found guilty of racketeering and eight counts of violating an anti-sex trafficking law, the New York Times reports.

Why it matters: Sexual misconduct allegations have surrounded R. Kelly's career, including a child sexual abuse image case in 2008 where he was acquitted. Multiple other victims have come forward to speak about the abuse in recent years.