The tech giant has been criticized for its lack of diversity in employment specifically on its director board. But according to Bloomberg, Facebook has been working with executive-recruiting firm Spencer Stuart in search of prospective board members that will contribute to a diverse board.
The board currently consist of Donald Graham, CEO of Washington Post Co.; venture capitalist Mark Andreessen, co-founder of Netscape Communications Corp.; Jim Breyer, managing general partner of Accel Partners; Peter Thiel, a venture capitalist and the founder of hedge fund Clarium Capital LLC; Reed Hastings, CEO of Netflix Inc.; and Erskine Bowles, president of University of North Carolina.
While it’s true, Facebook’s board is not diverse and includes only men; Facebook’s diversity issue is not just gender, but race too. It lacks African-Americans and minorities from other diverse backgrounds which is equally important in diversifying the nature of the company.
Reporters who wrote the article add: The California State Teachers’ Retirement System asked Facebook in February to add a woman to its board, arguing that diversity improves governance and performance. Furthermore, a petition from the advocacy group Face It, which has more than 52,000 signatures, also urges Facebook to diversify its board to include not only women, but other minorities too.
Although African-Americans do not make up the majority of the technology eco-system, there are still many qualified that could contribute to a diverse board.
Will the new additions include women, African-Americans, Hispanics maybe?
We reported in February Mircosoft added CEO of Virtual Instruments and former chairman and CEO of Symantec, John W. Thompson to its board of directors. The addition making him the only African-American on Microsoft’s board. It will be interesting to see other tech giants follow in the same diverse path, adding minorities with various different backgrounds.