White males top corporate boards, Asians bottom: Study

U.S. corporate boards severely lack diversity, and companies "recycle" Hispanic and African-American directors, hiring them on multiple boards, a new study showed on Wednesday.

White men hold 71 percent of seats on Fortune 100 boards, the Alliance of Board Diversity said in its report based on directors holding seats last September.

Women and minorities collectively account for 29 percent of seats, with minorities holding 15 percent, the group said.

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