LEAP Board Representation Research Reports

2009 APA Representation on Fortune 100 Boards

In 2009, 23 Asian and Pacific Islanders held just 27 board seats at 24 companies in the Fortune 100. APIs constitute over 5% of the US population and more than $500 billion in purchasing power.

Key Findings

  • There are 23 APIs that hold 27 board seats at 24 Fortune 100 companies.

  • 27 board seats represent 2.2% of the total 1,220 board seats in the Fortune 100.

  • The breakdown of these API 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 API directors are women.

  • Four board members sit on more than one Fortune 100 board.

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    They are John S. Chen, Rajat K. Gupta, Andrea Jung and Marissa T. Peterson.

  • Seven API 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 API director on their boards: Goldman Sachs, PepsiCo and Best Buy.

  • There are 24 Fortune 100 companies with API representation on their boards.

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    Companies include General Electric, Hewlett-Packard, Citigroup, IBM, Procter & Gamble, Morgan Stanley, Dell, MetLife, Goldman Sachs, Wells Fargo, Safeway, Supervalu, PepsiCo, Kraft Foods, Best Buy, Cisco Systems, Walt Disney, News Corp., Apple, Motorola, Prudential, Humana, Deere and Alcoa (listed in order of revenue ranking in Fortune magazine).

Disclosure
LEAP made every effort to achieve a high degree of accuracy. Information on race, ethnicity and gender composition of board members is not always publicly available. If errors or omissions are discovered, LEAP will make necessary adjustments. Please contact Grace Toy, Sr. Vice President of Administration and CFO, at gtoy@leap.org.

LEAP Board Representation Research Reports