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Introduction
As part of our long-term strategy on research of Asian Pacific American
(APA) representation in top leadership roles, LEAP’s 2009 APA
Representation on Fortune 100 Boards marks the first of a series of
reports measuring the inclusion at the highest levels of the American
workplace including public, private, foundation, education and
nonprofit sectors.
LEAP’s 2009 APA Representation on Fortune 100 Boards show that despite
the business and economic clout of the group, APAs remain absent from
corporate boards. 76% of Fortune 100 companies lack APA representation
on their boardrooms. In 2009, 23 Asian Pacific Americans held just 27
board seats at 24 companies in the Fortune 100. APAs constitute
over 5% of the US population1 and more than $500 billion in purchasing power2.
1 US Census Bureau; 2007
2 The Selig Center for Economic Growth at the University of Georgia; 2008
Key Findings- There are 23 APAs that hold 27 board seats at 24 Fortune 100 companies.
- The 27 board seats represent 2.2% of the total 1,220 board seats in the Fortune 100.
- The
breakdown of these APA board of directors by ethnic group is as
follows: Asian Indian (13), Chinese (6), Japanese (2), Filipino
(1) and Vietnamese (1).
- Five (21.7%) out of the 23 APA directors are women.
- Four board members sit on more than one Fortune 100 board.
- Seven APA directors served as (vice) chair, (co) president and/or (co) chief executive officer of a Fortune 500 company in 2009.
- Three Fortune 100 companies have more than one APA director on their boards: Goldman Sachs, PepsiCo and Best Buy.
Figure 1:
Source: LEAP 2009
Figure 2:
Source: LEAP 2009
Figure 3
Source: LEAP 2009
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