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Companies rushed to appoint Black members to their boards of directors, but progress on racial diversity stagnated, a new study revealed.

AP Photo/Damian Dovarganes, File NEW YORK (AP) — 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 82.5% of directors among Fortune 500 c...

Audit firm Deloitte and the Alliance for Board Diversity have just released the Fortune 100 and Fortune 100 began in 2004 and the Fortune 500 in 2010, based on public filings reviewed through the end of June 2020.  The Report finds that the rate of change has been quite slow, espcially for some demographic groups. It remains to be seen whether the social unrest roiling the U.S. body politic—which has brought systemic racial inequity and injustice, exacerbated by the pandemic, into sharp focus—together with actions to mandate or encourage board diversity, such as California’s AB 979...