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Private Equity-Backed Firms Shut Out Black Directors, Data Show

Start Magazine

(Bloomberg) -- Companies that have gone public in the last two decades have had few minorities on their boards, a new report finds. Black directors have held only 49 of about 4,700 board seats created at companies backed by the top 18 private equity and venture capital firms, according to the report released Tuesday by the Board Diversity Action Alliance. The group is working to boost boardroom representation...

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