First, my entire career has been spent in Fortune 500 companies some of which I've reported directly to C-Suite execs. If you think "best and brightest" is only 1 person for any role then you've never been part of an executive search. Nobody is advocating for hiring the uneducated felon off the corner into the BOD.
The problem starts with developing POC (and females) for Executive level roles. Lots of progress on that in the past 2 decades but still lots of work to do. "Best and brightest" is
still often a function of opportunity to prove oneself. To date, only 3 African Americans have ever been CEO of a Fortune 500 company.
If you really care about the issue then
here is a 2019 study on women and minorities in the board room.
All of these numbers are improving but any claim that "we're done...we've achieved equality" isn't reinforced by the data.
- As a group, Caucasian Men hold 66% of Fortunate 500 board seats, keep in mind that as of 2010 only 31% of American residents were Caucasian Males.
- Minorities only make up 19% of board seats, up from 16% in 2016.
- Minorities that have broken into the board room are getting recycled, sitting on multiple boards rather than new opportunities getting offered.
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