Private equity-backed organizations are shutting out Black directors

By Max Abelson
Published Updated 2 Min Read

Wall Street sign

Companies that have gone public in the last two decades have had few minorities on their boards, a new report finds.

Black directors have held only 49 of about 4,700 board seats created at companies backed by the top 18 private equity and venture capital firms, according to a report by the Board Diversity Action Alliance. The group is working to boost boardroom representation.

Max Abelson
From Bloomberg News

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