“LGBT+ representation on boards is a unique challenge, compared with other aspects of diversity, as it is an ‘invisible’ dimension that can be overlooked. Since the best business decisions occur when there are a variety of perspectives at the table, we need to tackle this challenge and shift the composition of corporate boards.”

peter grauer

CHAIRMAN, BLOOMBERG; MEMBER, OUT LEADERSHIP GLOBAL ADVISORY BOARD

“If you think about what the business case is, it really has become a war for talent, consumers, and a multiplier effect on both of those with globalization. If you want the best talent, recruit it and advance it. You can’t be what you can’t see. So you need people in positions of leadership who are openly who they are.”

Kenji Yoshino

CHIEF JUSTICE EARL WARREN PROFESSOR OF CONSTITUTIONAL LAW, NYU SCHOOL OF LAW; MEMBER, OUT LEADERSHIP GLOBAL ADVISORY BOARD

“I believe many organizations are committed to advancing diversity and inclusion. The LGBT+ community can be instrumental in creating opportunities for companies to diversify their governance.  Quorum is well-positioned to be an important partner for companies who are committed to diversifying their boards, and I am proud to support Quorum’s efforts.”

Lee Schreter

CHAIRPERSON OF THE BOARD, LITTLER

Quorum

Quorum is the first initiative to identify and place senior LGBT+ executives on corporate boards

The boardroom is one of the last areas in which LGBT+ individuals continue to have almost no representation or visibility. In 2015, Out Leadership launched Quorum to address this issue, and we are now the known and trusted leader in connecting companies with qualified, experienced LGBT+ corporate executives as potential board candidates.

Given the intersectional nature of the LGBT+ community, such an initiative creates the opportunity for businesses to diversify their boards in more than one way at a time, embracing the need for greater gender and ethnic diversity in the corporate board room while also capturing the LGBT+ perspective.

Openly LGBT Director

Out Leadership has identified the following list of openly LGBT Directors on boards.
  • Roberta Achtenberg

    Bank of San Francisco
    Andrew J. Wong, Inc.
  • Darla Anderson

    Producers Guild of America
  • Susan Arnold

    The Walt Disney Company
    McDonald’s Corporation
  • Betsy Bernard

    Principal Financial Group, Inc.
    Zimmer Biomet Holdings, Inc.
    SITO Mobile, Ltd.
  • Torrence Boone

    Finish Line, Inc.
  • Trevor Burgess

    C1 Financial, Inc.
  • M. Michele Burns

    Cisco Systems, Inc.
    The Goldman Sachs Group, Inc.
    Alexion Pharmaceuticals, Inc.
    Anheuser-Busch InBev SA/NV
    Etsy, Inc.
  • Jane D. Carlin

    PHH Corporation
  • Debra Chrapaty

    KCG Holdings, Inc.
  • Tim Cook

    Apple Inc.
  • Nick Donatiella

    Dolby Laboratories, Inc.
    Big 5 Sporting Goods Corp.
  • Steve Ellis

    Chipotle Mexican Grill, Inc.
  • Beth Ford

    Clearwater Paper Corporation
    PACCAR Inc.
  • Barney Frank

    Signature Bank
  • Kristin Frank

    GAIAM, Inc.

BY THE NUMBERS

Qualified Candidates

To ensure that we are presenting the best possible candidates to companies and our corporate search firm partners, we prioritize candidates who have: C-suite corporate experience (particularly CEO, CFO, CTO, and CMO positions) in public companies, or at private companies that have scale.

Direct P&L ownership and extensive management experience are required. Financial expertise, M&A, governance, digital, operations and/or risk management experience are also highly sought.

We are particularly focused on candidates who are women and/or people of color.

If you would like to be considered for board service, and meet the aforementioned criteria, we invite you to submit yourself for consideration.

Why do companies need LGBT+ directors?

There are currently fewer than 10 openly LGBT+ directors on Fortune 500 companies—less than 0.03%. And only two companies in the Fortune 500 reference sexual orientation and gender identity in their board’s diversity statements.

Companies make their most important decisions in the boardroom (employment policies, philanthropic support), which affects the lives of LGBT+ consumers and employees. LGBT+ people need to be represented in these decisions.

Further, it is well documented that board diversity enhances corporate performance, mitigates risk, and LGBT+ board diversity can help companies maximize the significant buying power of the LGBT+ market.

Thank you to our Founding Sponsor, KPMG.

Quorum is the first initiative to identify and place senior LGBT+ executives on corporate boards

The boardroom is one of the last areas in which LGBT+ individuals continue to have almost no representation or visibility. In 2015, Out Leadership launched Quorum to address this issue, and we are now the known and trusted leader in connecting companies with qualified, experienced LGBT+ corporate executives as potential board candidates.

Given the intersectional nature of the LGBT+ community, such an initiative creates the opportunity for businesses to diversify their boards in more than one way at a time, embracing the need for greater gender and ethnic diversity in the corporate board room while also capturing the LGBT+ perspective.

For more information about Quorum

Quorum is made possible through the generous financial and organizational support of partners. For more information about how you or your organization can benefit from engaging with this groundbreaking initiative, please contact us today:

  • Paul Wendel, Program Manager, Talent Initiatives
  • paul.wendel@outleadership.com
  • Email
back to top
  • © 2017 out leadership