Lack of turnover slows progress for women on US boards
Long tenure for non-executive directors is one of the obstacles to increasing diversity in the Russell 3000 and the S&P 500.
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The case for boardroom diversity, whether it be gender or ethnicity, has been made; there can be few boardroom leaders left in post who fail to see the benefits. And yet, the sheer obstinacy of boardroom incumbents is proving a major block to improvement.
New research reveals that while diversity in US corporate boardrooms of the Russell 3000 and the S&P 500 has improved, progress is slower than it might be because of the lack of turnover in places held by ageing, white, male directors.
Figures compiled by think tank The Conference Board
show that in 2018 half of the Russell 3000 companies and 43% of the S&P 500 made no filin
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