Dr. Gleb Tsipursky – The Office Whisperer
Cat Johnson – Coworking Marketing Maven
Angela Howard – Culture Expert
Drew Jones – Design & Innovation
Andrea Pirrotti-Dranchak – Competitive Advantage
Jonathan Price – CRE & Flex Expert
Jeremy Fennema – Tech Innovation Alchemist
What’s going on:
Over the past few years, there was an increase in diversity in Fortune 500 company boardrooms, according to a LinkedIn article.
However, a new report from Heidrick & Struggles has revealed that in 2022, only 34% of board positions were held by racial or ethnic minorities, which is a decrease from the 41% of 2021.
Why it matters:
The plunge in Black appointees, from 26% to 17%, is primarily responsible for this drop — which is likely due to the economic uncertainty driving companies to recruit CEOs and CFOs for these positions, which tend to be from a less diverse talent pool.
As companies lose diversity-focused roles due to attrition, the percentage of board seats filled by women has also declined to 40% in 2022, down from the record-breaking 45% in 2021.
How it’ll impact the future:
The question is now whether the 2022 decline is going to be a long-lasting downward trend — or if it’s just a setback in a longer-term upward trend.
