The New York Times reported recently that corporate board diversity in the U.S. has improved only very slightly in the last five years. The percentage of non-white directors has increased from 10% in 2015 to only 12.5% in 2020.
What is surprising about the report is that the tech sector, which gets the most criticism and public pressure, was the performer in 2015 and is still the most diverse in 2020. This could partly be due to the fact that the people pressing for diversity are mostly young technophiles. Also, tech companies have been pressured to report their progress and it is easy to notice when they fail. While the tech industry continues to be the top performer, the oil industry has been at the bottom for the last five years. Champions of diversity should focus their efforts on this industry and others that lag behind the tech sector in improving the diversity of their boards. They should target companies like Halliburton and Exxon.