ISS research shows 148 black directors were appointed to S&P 500 companies in the past 12 months, compared with 52 in the year to May 2020.
Demonstrators gather in Brooklyn, NY, after former Minneapolis police officer Derek Chauvin was convicted of murder in the May 2020 death of George Floyd. Image: Ben Von Klemperer/Shutterstock.com
A year on from the racial justice protests sparked by the murder of George Floyd, companies in the US have responded by boosting the appointment of black directors to S&P 500 boards.
Research from ISS, the global proxy advisers, says that between 1 July 2020 and 19 May 19 this year almost a third—32%—of all freshly appointed directors were black. Just over half, 54%, were white. In the previous year, ISS says, the comparable figures were 11% and 74%. The percentages represent 52 black directors for the year to May 2020, and 148 in the most recent year.
Amounting to a 200% rise inside a year, the numbers speak of a significant co
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