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Newmont Changes Show Complexity of Adding Boardroom Diversity

  • Female directors hold one fewer seat on S&P 500 boards
  • Newmont shifts balance by adding two diverse male directors
Newmont is headquartered in Denver.

Newmont is headquartered in Denver.

Photographer: Raymond Boyd/Michael Ochs Archives

Newmont Corp.’s decision to replace a pair of retiring female directors with men from Africa and Mexico has resulted in the first net gain in almost a year for men on the boards of S&P 500 companies.

While the shift may be temporary, the board changes at Newmont demonstrate the complexity of addressing sometimes competing diversity needs in corporate America.