We’re not saying boards remaining American is a bad thing but when you look at data from companies thriving on international revenue, lack of diversity on their boards could eventually hurt them in the end.
According to The Wall Street Journal, executive search firm Egon Zehnder released data that only 7.2 percent of corporate directors on the S&P 500 index are foreign nationals. This is a microscopic advancement by .6 percentage points since 2008.
Here’s the thing: International revenue comprises 37 percent of the S&P 500 overall revenue from last year alone! This increase represents 5.5 percentage points since 2008. Almost 75 percent of these businesses have money coming in from global sources. Read more