A new report released today from the Alliance for Board Diversity shows that Asian Pacific Americans remain vastly underrepresented on the Fortune 100 boards.
AAPI men make up just 1.9 percent of the Fortune 100 boards while women comprise just 0.8 percent of the boards. That’s a slight uptick from 2010 of two men and four women.
Percentage wise, AAPI representation on Fortune 500 boards is even worse with just 2.6 percent of board members Asian American or Pacific Islanders. Once again, it represents just a slight uptick from 2010.
The situation is pretty much the same for other minority groups with white men dominating both the boards of both the Fortune 100 and Fortune 500.
“We continue to find the research troubling because the ABD believes in the business proposition that when diversity leads, business succeeds. We know that in order to sustain long-term success, companies must continually create new ideas and solutions,” stated ELC President and CEO Ronald C. Parker. “This innovation is driven by diversity of thinking at every level of the organization, especially within senior leadership teams and in the boardroom. Women and minorities are an important part of that equation.”
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You can read the entire report here from the Alliance for Board Diversity. You can read some of the things Asian Americans and Pacific Islander can do better to climb the corporate ladder here.
