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Axios

Business

Share of Black and women appointees to Fortune 500 boards declined last year

United States Heidrick Struggles

Data: Heidrick & Struggles Board Monitor US 2023; Chart: Axios Visuals

The boardroom diversity push lost some steam last year. The share of new Fortune 500 board seats going to underrepresented groups declined, according to a report out this morning from executive search and leadership consulting firm Heidrick & Struggles.

The big picture: The murder of George Floyd and subsequent racial justice protests galvanized companies to ramp up diversity efforts in 2020 and 2021, with a significant jump in Black appointees to corporate boards.

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