The “Visibility Counts 2022: LGBTQ+ Board Diversity: What are we waiting for?” research report, launched at the 2nd annual OutQUORUM: “Progress and Possibility,” virtual summit, beginning tomorrow, March 22.
At this cornerstone Out Leadership event, CEOs and senior executives will meet to discuss the 2022 report, the state of LGBTQ+ diversity in the Boardroom, progress to date, and the challenges ahead.
OutQUORUM is the first and only initiative to address the staggering under-representation of LGBTQ+ diversity on Corporate Boards globally.
Published with Ropes & Gray, the research includes the LGBTQ+ Inclusive Board Diversity Report on all companies in the Fortune 1000 and the Nasdaq. It also contains tactical policy examples, best practices and seeks to expand the board diversity conversation globally to be LGBTQ+ inclusive.
Key Findings from “Visibility Counts: The LGBTQ+ Board Opportunity” include:
- Just 113 out of >3,300 Nasdaq listed companies define board diversity as inclusive of LGBTQ+ individuals (2.4% of companies listed on Nasdaq).
- 41 Fortune 1000 companies define board diversity as inclusive of LGBTQ+ individuals
- Only 26 of the 5670 Fortune 500 Board seats are held by out LGBTQ+ individuals (several seats are held by the same person)
- Since 2021, numerous Fortune 500 companies that have changed their diversity definition to include LGBTQ+ including: 3M, Caesars Entertainment, Cisco, Clorox, ColgatePalmolive, Edison, Emerson Electric, Fidelity National Financial, HollyFrontier, Howmet Aerospace, Huntsman, Lam Research, M&T Bank, Progressive, Quest Diagnostic, Starbucks and Ulta Beauty +.
Out Leadership’s OutQUORUM initiative aims to increase LGBTQ+ representation at the corporate board level by creating the largest network of board-ready LGBTQ+ executives, facilitating leadership development opportunities for future and current directors, and working with policymakers and companies to expand the board definition of diversity to include LGBTQ+ representation. Learn more about OutQUORUM here.
Complete the following form to access “Visibility Counts 2022: LGBTQ+ Board Diversity: What are we waiting for?” research report.