The Leverage Network researched the diversity of the CEO, board chair, and board of directors for the top ten publicly traded companies by revenue across four healthcare sectors, which includes providers, payors, pharmaceutical companies, and biotech organizations for the years 2016, 2017, and 2018. In the provider category, we expanded our research to include five additional not-for-profit or privately held hospital and healthcare systems.
What we found is that of those organizations only 9% of board members were Black; of those 9% a mere 3% were Black Women. Less than 1% of Board Chairs were Black.
Blacks On Boards By Sector
The disruption in how healthcare is delivered coupled with shifting demographics in the United States is making the business case for diversity. As the population continues to diversify Healthcare organizations will need to determine ways to diversify their Boards to gain long term sustainability in a disruptive environment.
Through our various programs, we prepare, position, and promote a robust pipeline of talented African American/Black executives.
• Exclusive Board Development Sessions
• Member Only Salon Events
• Healthcare Board Initiative (HcBI)
• Executive Women of Color Summit
TLN members will have exclusive access to powerful Global Corporate and Industry Leaders choosing executives for selection to their board opportunities.
Membership experience provides:
• Understanding of current healthcare trends and
their application to governance work
• Firsthand testimonials from sitting African-
American board directors
• Networking with industry influencers and
• Membership in a community of executives who
are actively promoted for board opportunities
The HcBI Cohort II program is a curriculum designed for seasoned executives that meets us where we are. The content targets strategies that leverage our leadership competencies to optimally prepare us for governance opportunities and is not rehashing information we already know.
From the start, the HcBI Cohort II program has exposed me to African-American senior executives, board members, entrepreneurs, and advisors in the healthcare space. TLN has brought together a diverse group of accomplished African-American executives for this cohort, forming a powerful learning group which will hone my skills, enhance my readiness and position me for a board appointment.
I have participated in several other Board Readiness programs none of which had an expressed focus/purpose of preparing and promoting people of color for Board service. This HcBI program does just that and it is refreshing, invigorating and bold! I am grateful.