e.l.f. Beauty Expands Board Diversity Initiative with Largest Cohort Yet
Event summary
- e.l.f. Beauty's Change the Board Game initiative launched its third cohort with 22 executives, the largest class to date.
- The program has seen a 4x growth in applications compared to the previous year.
- 58% of graduates from the program are now serving on boards.
- Since its launch in 2024, over 60 executives have participated in the NACD Accelerate program through Change the Board Game.
The big picture
e.l.f. Beauty's Change the Board Game initiative is part of a broader push for diversity and inclusion in corporate boardrooms, aiming to double the rate at which women and people of color are added to U.S. public company boards by 2027. The program leverages partnerships with organizations like NACD to provide governance education and networking opportunities, reflecting a strategic focus on long-term business success through diverse leadership.
What we're watching
- Program Scalability
- Whether e.l.f. Beauty can sustain the rapid growth in applications and maintain high graduation rates into board positions.
- Industry Impact
- How the success of Change the Board Game influences other companies to adopt similar initiatives for board diversity.
- Governance Dynamics
- The pace at which diverse perspectives in corporate governance translate into measurable business outcomes.