Why Do Boards Have So Few Black Directors?
A study of boards in the U.S. reveals the barriers blocking Black directors and suggests a way forward. Barriers include recruitment, onboarding, access to board leadership roles, and board dynamics in which Black directors — and women in particular — report that their contributions are ignored or undermined. However, the study also shows that more diverse boards have huge benefits, like offering a diversity of perspectives and encouraging a virtuous cycle of diversity throughout the organization. To gain these benefits and increase board diversity, companies should assess and change their recruitment procedures, build accountability throughout the organization, and boost mentorship and sponsorship opportunities.
Read the full article at https://hbr.org/2020/08/why-do-boards-have-so-few-black-directors