African Americans Are Underrepresented on Corporate Boards
New report shows that African Americans, who make up 13
percent of the U.S. population, hold one in 12 seats on Fortune 500
Although two-thirds of Fortune 500 companies have at least one
African American member on their corporate board, only 8 percent of
board seats are held by African Americans.
Lynn Perry Wooten, clinical assistant professor of corporate strategy and
management at Michigan's Stephen M. Ross School of Business, and colleague Erika
Hayes James of the University of Virginia's Darden Graduate School of Business
found that of the 5,572 total board seats for Fortune 500 companies, 449 belong
to African Americans.
Environmentalism and Public Policy
Drawing on prior work, Thomas P. Lyon and John W. Maxwell argue
that corporate environmentalism is the result of firms
attempting to anticipate public policy changes and influence the
legislative process in their best interests.