by CNN June 3, 2021 .
he number of African Americans serving on boards of directors for the nation’s largest corporations has remained dismally low this year despite the ongoing movement to increase C-suite diversity throughout the business world.
Some of America’s most prominent companies are addressing the problem by backing the Black Boardroom Initiative, a new program unveiled Wednesday with a goal of increasing the ratio of Black executives sitting on S&P 500 corporate boards to one in eight by 2028.
Amazon, Microsoft, Starbucks and Zillow are among the major brands sponsoring the initiative, which has been spearheaded by the law firm Perkins Coie with support from Deloitte, a multinational professional services network.
Perkins Coie is launching an effort called The Black Boardroom Initiative to increase the diversity of S&P 500 corporate boards by training cohorts of potential…