Count on this: new report on the number of blacks on corporate boards.

A company's commitment to diversity is defined not only by how many minorities it employs but, among other criteria, the extent to which the components that impact and influence its business objectives are diverse. One such area is governance a Corporation's board of directors, which is the focus of a survey recently released by the Executive Leadership Council's Institute for Leadership Development & Research. ELC, a Washington, D.C.-based advocacy organization for senior-level African American executives, formed the institute in 2003 to conduct research on diversity issues that affect its core members.

The project, The 2004 Census of African Americans on Corporate Boards, is part one of a two part research series. Its goals are to issue a calculation, study the implication of these numbers, and influence future representation, says Dennis Dowdell Jr., the institute's executive director.

Part one of the project culled information dating back to March 2004 from the largest 500 publicly traded American companies to examine the current status of black representation on their boards. The report also lists all black board members and breaks down industry and regional representation.

Pfizer Inc., with four black directors out of 15, had the highest percentage (27%) of African Americans. There were 165 companies (33%) with no representation. Among the largest firms in that group: American International Group Inc., Berkshire Hathaway Inc., and Boeing Co.

The industries with the highest percentages included tobacco (16.6%), food services (16.1%), and beverages (14.3%). Four industries show zero board representation: pipeline, toys and sporting goods, transportation and logistics, and wholesaler/diversified.

Part two of she series, due out in September, will explore the implications of these num bets and, according to Dowdell, offer some solutions. "There is a cadre of qualified and competent African American senior corporate officers who could serve. For the [companies] that are not doing well, let's find out why."

For the full report, log on to www.elc info.com.

INDUSTRIES WITH THE HIGHEST
REPRESENTATION OF BLACK BOARD MEMBERS

                                  Total
                                 African                % of African
                    Number of   American      Total       American
Industry            Companies   Directors   Directors    Directors

Miscellaneous (2)       3           7          36           19.4
Tobacco                 2           3          18           16.6
Food Services           5           9          56           16.1
Beverages               6          10          70           14.3
Railroads               4           6          42           14.2

(2) FIVE COMPANIES ARE REPRESENTED IN THE MISCELLANEOUS CATEGORY: 3M,
CENDANT, H&R BLOCK, UNITED RENTALS AND SERVICE CORPORATION
INTERNATIONAL.

SOURCE: THE EXECUTIVE LEADERSHIP COUNCIL 2004 CENSUS OF AFRICAN
AMERICANS ON BOARDS OF DIRECTORS

INSIDE THE NUMBERS

5,572    Approximate board seats; 449, or 8.1%
         are held by African Americans

  255    African American directors on corporate boards
         at the top 500 publicly traded companies
  201    Board members are black men, 54 are black women
   60    Serve on two boards, 45 serve on three or more
    8    Board seats held by a single African American board member
         (William Gray III). Four African Americans hold seven board
         seats