For the purposes of this study, extensive research was conducted to confirm the gender, race, and ethnicity of board directors. To ascertain each company’s total number of directors and board composition, SEC annual filings submitted as of June 30, 2012 were reviewed. For insurance companies that do not submit annual filings to the SEC, information was obtained from the NAIC regulatory database of key annual statements submitted as of June 30, 2012.18 Due to the research process conducted by each ABD member organization, there may be minimal discrepancies between this report and each individual member organization’s report.
To confirm individual board directors’ race and ethnicity, data was compared against previous studies conducted by Catalyst, The Executive Leadership Council, the Hispanic Association of Corporate Responsibility and Leadership Education for Asian Pacifics. Each organization applies a rigorous email and phone follow-up verification process to validate the race, ethnicity, and gender of individual directors in the Fortune 500. ABD makes every effort to achieve a high degree of data accuracy and has applied consistent and numerous attempts to verify the information in this Census. If errors or omissions are discovered, ABD will make reasonable adjustments. Please contact ABD at firstname.lastname@example.org.