The Equilar Diversity Network Announces Groundbreaking Executive and Board Ethnicity Data Campaign
Leading Organizations, including TPG, Latino Corporate Directors Association, Sigma Pi Phi (Boule), and Ascend Pinnacle, Join the Effort
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Equilar, the leading provider of executive data solutions, today announced phase two of the Equilar Diversity Network (EDN) initiative. Over the past four years, Equilar and its EDN partners have grown the network to include over 20 organizations focused on driving diverse representation in corporate boardrooms. Combined, EDN hosts a robust pool of highly-qualified, diverse executives and board members with more than 500,000 member profiles available to Equilar clients.
The first phase of the EDN launch included driving increased reporting and visibility around gender representation in boardrooms of companies in the Russell 3000 index. Women now hold nearly 25% of board seats, up from 15% in 2016 when Equilar began quarterly reporting. Reaching gender parity is now attainable within the new decade as opposed to decades away.
Preparation is now underway for Equilar and its EDN partners to begin the next phase of the collective mission. Current minority representation data on public boards has seen sluggish progress with 7.5% African-American, 2.0% LatinX, and 1.0% Asian/Pacific Islander representation in the top 500 public companies by revenue. Starting on July 30, 2020, Equilar will launch a strategic data campaign to collect ethnicity data for executives and board members at all public companies. The goal is to build the largest database of ethnically diverse executive and board candidates to make it even easier for companies to connect with top minority candidates.
