The focus on the value of more diversity on corporate boards has specifically emphasized women, but not all women.
Numerous resources have been developed to help companies identify qualified women candidates for board seats, and as a result, gender representation is slowly increasing. Today, women represent 23% of S&P 1500 directors. However, women of color â African-American, Asian, Hispanic and Native American â represent only 3.5% of these appointments, according to Institutional Shareholder Services.