06/08/2021

Study: Racial Diversity Stagnated on Boards

Black men have even lost ground

Many U.S. companies have rushed to appoint Black members to their boards of directors since racial justice protests swept the country last year.

But in the two preceding years, progress on increasing racial diversity on boards stagnated, a new study revealed Tuesday. Black men even lost ground.

The study, conducted by the Alliance of Board Diversity and the consulting firm Deloitte, points to the steep deficit companies face when it comes to fulfilling pledges to diversity in their ranks. An overwhelming 82. percent of directors among Fortune 500 company boards are white, according to the Missing Pieces Report: A Board Diversity Census of Women and Minorities on Fortune 500 Boards.

Please select this link to read the complete article from The Associated Press.