Despite the Supreme Court’s 2023 decision banning affirmative action in college admissions, and mounting pressure on corporations to eliminate their diversity, equity and inclusion programs, the top 50 Fortune 500 companies continued to diversify their boards in 2024.
As a social psychologist, I’ve been tracking diversity on Fortune-level boards of directors for decades. And as I reported in The Conversation last year, 2023 marked the first time that fewer than half of the directors of top 50 Fortune 500 companies were white men. At the same time, increasing numbers of white women and Black, Asian and Hispanic people of all genders held board seats.
Looking at data from mid-December 2024, I found that the top 50 companies’ boards continued to become more diverse. However, as political and legal challenges to DEI intensify, future trends remain unclear.
