Abstract of “More Blacks on Boards of Fortune 500 Companies”

Business and Professional Ethics Journal 2 (4):93-93 (1983)
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Abstract

In spite of heralded progress in civil rights, this paper pessimistically maintains that blacks are systematically excluded from directorships on the boards of the major industrial companies in this country. The statistics derived from a 1980 survey, which yielded responses from 143 companies, show that blacks constituted only 1.9 percent of the entire directorate pool, with no black chairmen, no company with more than one black director, and significantly high multiple-board service on the part of a few black directors. There is a strong correlation between size and importance of a company and black directorships, as well as between longer-range company commitments and white male directorships. There is discussion of answers from board members relating to constituency representation, philosophy regarding black recruitment and reasons for the paucity of black representation. After drawing a profile of typical boards, the study shows how the pool of individuals traditionally eligible to serve as directors virtually excludes blacks, confining them to rigid and narrow categories, and concludes that the "white club" remains white because it is insulated by an inflexible system whose inequity has been internalized and whose existence current directors would rather not acknowledge. While admitting the difficulty of discussing and even defining the existence of tokenism, the paper looks at the phenomenon of single-black-member boards, questioning the status, use and professions of some black directors. In the context of a climate that encourages governmental mandating of corporate responsibility, the authors suggest that corporate initiative wisely be generated toward achieving more equitable balances in the highest economic echelons where black impotence, given the present system, can neither be remedied nor tolerated much longer

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