The summit coincides with the release of the 2022 annual Boardroom Power Report
NEW YORK, September 21, 2022 /PRNewswire/ — Today BLACK COMPANY, the #1 black digital media brand with 12 million unique monthly visitors, announces the return of its C-Suite & Boardroom Equity Summit Thursday 22 Septemberout 5:45 p.m. ET – 8:00 p.m. ET. The free event will examine whether the country’s largest public companies are meeting the mandate to expand black representation on corporate boards and in corporate boardrooms.
Just in time for the virtual experience, BLACK ENTERPRISE will release the “2022 Boardroom Power Report”, which has tracked the S&P 500 companies with and without black corporate boards since 2013. BLACK ENTERPRISE has been a leader in providing reporting, research and advocacy bulletin board representation for the past decade. Similar to previous years, the 2022 report will feature the BE Register of corporate boards and will provide the most robust compilation of data and analysis on the status of black board representation at the largest publicly traded companies.
“BLACK ENTERPRISE has long been committed to the rise of black professionals who have fought and earned their rightful place in the nation’s boardrooms and boardrooms,” said Earl “Butch” Graves Jr., CEO of BLACK COMPANY. “It is very fitting that we hold this summit as we release our 2022 Boardroom Power Report to further uncover systemic differences and expand data that requires continued progress in boardroom diversification.”
The report shows that 85% of S&P 500 companies now have at least one black corporate director, up from 60% in 2016 — the first year BLACK ENTERPRISE reported on board diversity across the index. Despite these advances, only 12 African Americans hold positions of CEO and senior director.
Change in black leadership continues to be slow, lukewarm and inconsistent. Black executives hold only 3.2% of senior leadership positions in large companies, and less than 1% hold CEO positions.
“The rise of black leaders is critical to ensuring justice is achieved across all businesses and functions,” Graves said. “This summit is the best experience for authentic conversations, backed by real data and the potential to really make a difference.”
The C-Suite & Boardroom Equity Summit will feature a lineup of the most successful and influential Black leaders and board members to host industry-changing conversations and sessions sponsored by Hasbro, Hyatt, Manulife John HancockMerck and Nationwide. Employees, managers, consumers and shareholders are all invited to join and learn how to effectively and successfully implement DEI initiatives and rise to the top with a focus on:
The role of Black Board members in promoting DEI in corporate environments
The impact of diversified leadership on shareholder value and institutional innovation
The process of CEO selection and succession planning
The strategies for breaking through barriers blocking the advancement of black professionals
For more information on this year’s program and to register for the event, go to https://csuite.blackenterprise.com/.
About BLACK ENTERPRISE
founded in 1970, BLACK COMPANY is a mission-driven publication focused on providing relevant information for success-oriented people at every stage of their financial journey. Designed to highlight Black leadership and entrepreneurial journeys, BLACK ENTERPRISE reaches audiences through its events, linear and digital channels. BLACK ENTERPRISE wants to be a source of knowledge for those how in achieving financial success. To learn more about the company, please visit blackenterprise.com and follow them on social media on Instagram, Twitterand Facebook.
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