“Boards are looking for people who are younger and with different skill sets and that does open the boardroom for more women and minorities.”
Women and people of color were picked for a majority of open S&P 500 board seats this year for the first time, due in part to pressure from investors to improve gender and racial disparities.
“It’s a step in the right direction, for sure, and it’s the first time we’ve gone over 50%,” said Julie Daum, who heads the North American board practice for executive recruiter Spencer Stuart, which did the survey.
“Boards are looking for people who are younger and with different skill sets and that does open the boardroom for more women and minorities.”
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