Boardroom diversity stalls amid DEI backlash. Could that trend accelerate under Trump? [USA TODAY]
JP Morgan Chase & Co. (JPM)
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Source: USA TODAY
"During the George Floyd days there were dozens and dozens of them," said Hobson, the co-CEO of Ariel Investments who also serves on the boards of JPMorgan and Starbucks. "Those requests have dramatically dropped." Over the past year, Reuters, USA TODAY and other media have reported that a backlash against diversity, equity and inclusion (DEI) policies by some conservative activists has sapped corporate enthusiasm for them. Interviews with corporate directors and advisers as well as a recent study on corporate boards paint a stark picture of how pronounced the fallout of that backlash has been. Among Russell 3000 companies, the number of new Black directors fell to 12% in 2024 from 26% two years ago, according to the study by business research group the Conference Board and data firm ESGAUGE. At the same time, the number of new white directors bounced back to 69%, up from historic lows of 52% in 2022. Directors and board advisers said conservative backlash through litigation
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