Minorities hold 22% of seats on the boards of 2,000 large U.S. companies and women account for 28% of directors at such firms, according to a study in the Academy of Management Journal. However, minorities and women represent just 5% and 8% of directors serving on multiple boards among those companies, the study found. One reason for the lack of additional board appointments for women and minorities could be a shortfall in mentoring and political errors that result during board meetings, according to the study.

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