Target Joins List of Boards With Majority Women and Minorities
- Women, men of color now hold majority on 140 S&P 500 Boards
- Under-represented directors also are at parity at 60 companies
Photographer: David Paul Morris/Bloomberg
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Last month’s appointment of retired Pepsico Inc. executive Grace Puma to Target Corp.’s board means the majority of the retailer’s leadership is comprised of directors who are members of under-represented groups.
Target joins General Motors Co., Walt Disney Co. and Best Buy Co. among 140 companies in the S&P 500 that have a combination of women and people of color who make up more than half of the directors in the boardroom. An additional 60 boards are evenly split from a diversity standpoint, according to data from the 2022 proxy season compiled by ISS Corporate Solutions. At the end of 2020, there were 93 boards with a majority of under-represented members and 56 at parity, the data show.