The boards of Mondelez International Inc. and Fiserv Inc. shrank by three directors in May. At CVS Health Corp., there were two fewer directors -- adding to the almost 100 board members at S&P 500 companies who weren’t replaced last month.
Company annual meetings have always been a time for director retirements and departures, but with older directors more likely to be White men, the spring cleaning is giving a bump to board diversity. That’s why even though women held 11 fewer seats in May than the month before, their share rose to 32% from 31%, according to data compiled by Bloomberg.
