Boards with multi-dimensional diversity experienced less downside and even revenue growth throughout the pandemic.
Dive into the data
Among the highlights for S&P 500 companies in 2020:
Gender
54%
Had revenue growth
Companies with more than 30% board seats held by women
45%
Had revenue growth
Companies with less than 20% board seats held by women
Gender
Companies with over 30% of board seats held by women outperformed their less gender-diverse counterparts in
11
out of the top
15
S&P 500 Sectors
Age
Companies whose median director age was
55 or less
10.1%
Revenue growth during pandemic
65 or more
-7.7%
Revenue drop during pandemic
Age
Companies whose directors had
>30 year age span
+4.6%
revenue growth
All other cohorts saw their revenues decline
Race
Directors at S&P 500 companies are overwhelmingly white, which deprives society of, among other things, significant data about how companies that have racially diverse boards tend to perform relative to less-diverse boards.
54%
2020 YoY revenue growth
For companies with at least 30 percent of their board seats held by non-white directors
Use Board Ready's BRI calculator to quickly estimate your board diversity score. The BoardReady Index gives a quantifiable snapshot of a company’s boardroom diversity using a proprietary scoring analytic.
Companies with diverse boards usually did better in the pandemic than their less-diverse counterparts. Do diverse boards make companies better, or do better companies recruit diverse boards? Inspect the data yourself!
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