Getting on Board

seats among the Fortune 100

Women are finally making progress when it comes to board representation. A new report by Deloitte and the Alliance for Board Diversity found that women and individuals from underrepresented racial and ethnic groups reached a high of 46.5% percent of board seats among Fortune 100 companies in 2022, up from 32.1% a decade ago. The percentage of board seats held by Asian and Pacific Islanders has continued to grow as well, seeing an increase of 23.5% from 2020. This growth in representation isn’t just good for women, but is a smart move for any company’s bottom line. “Today companies are working in a global market where the client base and the customer base are more diverse,” says Ritu Bhasin, DEI consultant and author of We’ve Got This: Unlocking the Beauty of Belonging. “We need people who can bring a very diverse lens as it relates to growing the success of a business.”