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Board Diversity Plummets: White Male Directors Dominate Again

9/26/2025

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Summary

Story summary

Diversity in boards has declined; only 5% of companies now prioritize diversity, down from 72% in 2020.
Equilar's 2023 study shows non-White directors at 20% of board hires, down from 44% in 2021; White men account for over half of new Standard & Poor's 500 (S&P 500) directors.
Boards prioritize CEO experience to navigate economic challenges, boosting White male hires.

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Story summary

Diversity in boards has declined; only 5% of companies now prioritize diversity, down from 72% in 2020.
Equilar's 2023 study shows non-White directors at 20% of board hires, down from 44% in 2021; White men account for over half of new Standard & Poor's 500 (S&P 500) directors.
Boards prioritize CEO experience to navigate economic challenges, boosting White male hires.