The Missing Pieces Report: 7th Edition – New insights on corporate board diversity

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Data for the recently released 2022 edition of the Missing Pieces Report on board diversity shows a persistent theme: uneven progress. Download the report to see the details.

Among the key findings, Black women saw a significant 47% increase, gaining 86 board seats on Fortune 500 boards, and a growth of 38.1% or16 seats on Fortune 100 boards. Black board members saw a big increase from 8.7% in 2020 to 11.9% in 2022 after experiencing losses in 2010 and 2012, small increases in 2016 and 2018, and no progress between 2018 and 2020. Despite the latest progress, Black board members have the highest recycle rates, with one of every four serving on multiple Fortune 500 boards.

The Missing Pieces Report is a multiyear study organized by the Alliance for Board Diversity (ABD) in collaboration with Deloitte for the 2016, 2018, 2020, and 2022 censuses. The report highlights the progress to date that has, or has not been, made in the equitable representation of women and individuals from underrepresented and ethnic groups (UR&EG) on Fortune 500 boards.

The Executive Leadership Council is a founding member of The ABD, a collaboration of four leadership organizations: Catalyst, The ELC, the Hispanic Association on Corporate Responsibility (HACR), and Leadership Education for Asian Pacifics, Inc. (LEAP). Diversified Search, an executive search firm, is a partner of the alliance and serves as advisor and facilitator. Deloitte has collaborated with ABD on this initiative since 2016 and has contributed to the previous installments published.

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