WOMEN BOARD DIRECTORS: RACE & ETHNICITY At these 94 Fortune 1000 companies, fully three-quarters (75.4%) of the directors are Caucasian men; 14.3% are Caucasian women; 8.5% are African-American, Asian, Hispanic or Latino men; and 1.8% are African-American, Asian, Hispanic or Latina women. Of these four segments, minority women are the least well-represented. This breakdown illustrates the overwhelming presence of Caucasian men, as a group, in corporate director positions at California’s largest public companies. While the ethnic breakdown of the population is by no means a benchmark for corporate boards, there is an interesting reversal. Three out of four director seats in California, on average, are held by Caucasian men, who represent only 20% of the state’s population. At the same time, although non-Caucasian women represent more than 30% of California’s population, only one out of every 55 director seats (1.8%), on average, is held by a non-Caucasian woman.
Percent of Directors by Ethnicity in California’s 94 Public Companies on the Fortune 1000 List 80%
75.4%
70% 60% 50% 40% 30% 20%
14.3% 8.5%
10%
1.8%
0% Caucasian Men
Caucasian Women
African-American, Asian, Hispanic or Latino Men
African-American, Asian, Hispanic or Latina Women
Key Statistics •
Of the 902 directors at these 94 companies, 145 (16.1%) are women and 757 (83.9%) are men. The vast majority (75.4%) of these directors are Caucasian men.
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The ethnic breakdown of women directors mirrors that of men directors. Only 11% of women directors and 10.2% of men directors are Asian, African-American, Hispanic or Latino.
•
At almost all of these 94 Fortune 1000 companies (89 companies, or 95%), Caucasian men constitute the majority of the board of directors. This includes nine companies that have all-Caucasian male boards.
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2013 UC Davis Census