According to the Association of LGBTQ+ Corporate Directors' report, only 1.3% of Nasdaq board seats and 0.9% of Fortune 500 seats are held by openly LGBTQ+ individuals, highlighting significant underrepresentation.
Fabrice Houdart notes that board diversity has only recently become an area of interest, impacting the lack of LGBTQ+ representation, as attention hasn't been sufficiently directed towards inclusivity.
The report indicates that 'bottlenecks in the selection and nomination process,' including a 'network gap,' may signal unconscious bias against LGBTQ+ candidates seeking board positions.
The Association of LGBTQ+ Corporate Directors aims to bridge the gap by connecting LGBTQ+ individuals pursuing board positions with organizations looking to diversify their leadership.
#lgbtq-representation #corporate-governance #diversity-and-inclusion #board-diversity #business-leadership
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