University Study Finds Racial Minorities Are Not in the Inner-Circle of Corporate Directors

AOMlogoResearchers at the University of Michigan and the University of Texas at San Antonio have conducted a study which shows that while racial minorities make up 22 percent of the corporate directors who serve on a single board, they are only 5 percent of the corporate directors who serve on more than one board.

“This is an important distinction because holders of multiple board seats tend to be seen by other corporate leaders as members of the corporate elite,” said James Westphal, a professor of strategy at the University of Michigan’s Ross School of Business and one of the co-authors of the study. “Those with multiple directorships tend to exercise disproportionate influence over corporate policy at each of the firms where they serve as director.”

The study, published in the Academy of Management Journal, examined the board composition of the 2,000 largest companies in the United States.

Related Articles

Leave a Reply

Get the JBHE Weekly Bulletin

Receive our weekly email newsletter delivered to your inbox

Latest News

California State University Sacramento Launches Black Honors College

Officially launching for the fall 2024 semester, the Black Honors College will support students from all backgrounds who study Black history, life, and culture by providing them with a specialized curriculum and mentoring opportunities.

Higher Education Gifts or Grants of Interest to African Americans

Here is this week’s news of grants or gifts to historically Black colleges and universities or for programs of particular interest to African Americans in higher education.

In Memoriam: Norman B. Anderson, 1955-2024

Dr. Anderson was the assistant vice president for research and academic affairs at Florida State University at the time of his death. He had an extensive career in clinical psychology, which led him to become the first African American chief executive officer of the American Psychological Association.

Georgia State University Launches Program to Support Black Women in Tech

While Black women account for roughly 29 percent of the Georgia State University undergradaute student body, they represent only 10 percent of the university's computer science majors and 18 percent of the computer information systems majors.

Featured Jobs