In response to the Black Lives Matter uprising following the death of George Floyd, many corporations have committed to increasing Black representation at the leadership level. Both Microsoft and Uber have pledged to double the number of Black employees in senior positions. Google, Royal Bank of Canada, Lloyds Banking Group and HSBC are also among the companies who have publicly announced their plans to increase Black representation in their leadership teams.
This focus on top positions is part of a growing trend. While efforts to increase diversity have typically been pushed at more junior level positions, over the past few years external think tanks have been closely analyzing diversity in the upper ranks. According to the Center for Talent Innovation, despite accounting for 12% of the U.S. population, Black people hold only 3.2% of leadership roles at large U.S. companies, and there are currently only four Black Fortune… Read the rest