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Corporate directors have almost exclusively been white males. Women have been increasingly appointed to corporate boards but their numbers remain small at about five per cent (Gillies, 1992; Lorsch & MacIver, 1989). Several studies have provided a picture of the demographic characteristics of directors. Although the specific details and numbers vary slightly from study to study, results are consistent and strong. Corporate directors form a rather homogeneous group. Of all Fortune 1000 directors, 94% were white males, 67% were over 55 years of age, and 63% were CEOs of other corporations.

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