Ursula Burns, Gabrielle Sulzberger, the global CEO advisory firm Teneo, the Ford Foundation, the Executive Leadership Council, and a group of founding signatories announced the launch of Board Diversity Action Alliance, a business-led initiative taking action to increase the representation of racially and ethnically diverse directors on corporate boards of directors, beginning with Black directors.
Corporate diversity and board diversity go hand in hand – leadership starts at the top. To best serve the broader stakeholder community, companies need to understand their employees’ communities, have a clear point of view and set a purposeful course of action. By joining the alliance, signatories voluntarily commit to accelerate change by supporting a concerted enterprise transformation approach to diversity by integrating talent, accountability and engagement.
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Specific signatory commitments include:
- Increasing the number of Black directors on the board of directors to one or more;
- Disclosing of the self-identified race and ethnicity of directors on corporate boards;
- Reporting on Diversity, Equity and Inclusion measures on an annual basis.
Founding signatories include Dow, Macy’s, Mastercard, PNC, Uber, UPS, and WW.
The Board Diversity Action Alliance will lead the focused and aligned effort to quantify, convene and amplify the work being done by building partnerships with the corporate and non-profit community to increase awareness and expand influence.
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