How does your board compare?

OutQuorum tracks board diversity disclosure — including LGBTQ+ representation — across 10 global stock indices and 7 dimensions. Search any covered company for its 2024 vs 2025–26 disclosure record from the OutQUORUM 2026 report cycle.

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0▼438 boards with LGBTQ+ disclosure in 2025–26 (27.2%) — down from 2,072 (34.5%) in 2024
A decade of measurement

From 2 companies to 155 — and less than 1% of the seats

When Out Leadership first read every Fortune 500 proxy statement in 2015, exactly 2 companies included LGBTQ+ people in their definition of board diversity. By 2024 it was 155 — a 78x change, driven by measurement, guidelines, and the Nasdaq rule that cited OutQUORUM research seven times. And yet openly LGBTQ+ directors still held just 0.83% of Fortune 500 board seats. The policy won; the placement work is unfinished.

Now the scaffolding is being pulled away. Since the Nasdaq rule’s repeal in February 2025, LGBTQ+-inclusive disclosure on the Nasdaq has fallen from 1,691 boards to 954 — while gender and age disclosure rose. Companies are not abandoning board diversity; they are abandoning LGBTQ+ people specifically. Which is exactly why we keep counting.

“Companies told us they didn’t have LGBTQ+ inclusive diversity policies, so we wrote them for them.” — Todd Sears, Founder & CEO, Out Leadership

Explore the region briefings   See the global policy landscape

Illustration of a boardroom table seen from above, with one seat draped in the Progress Pride flag
A seat at the table — artwork from the OutQUORUM 2023 report.

My coming out was also about the young people who work in the company. If they suspect a senior leader is gay but not out, what does that say to them about the culture of the company?

Jim Fitterling · CEO, Dow

For boards & general counsel

See exactly what your company discloses today, how it changed year over year, and how peers in your index compare.

How we measure →

For investors

Index-level disclosure rates and per-dimension trends, built from primary filings — not surveys.

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For your market

Regulatory frameworks, what changed this cycle, and our published guidelines — market by market.

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