Board Oversight of Diversity, Equity, and Inclusion to Combat Racism
In brief: As boards continue to discuss the importance of dismantling systemic and institutional racism, many are looking inward at the board itself and the management team to understand where they can shift to help create a more diverse and inclusive environment throughout the organization. Boards must act as leaders in this space to ensure that the management team focuses on the organization’s diversity, equity, and inclusion goals. Against this backdrop, NACD, along with Farient Advisors; Heidrick & Struggles; KPMG; PwC; Sidley Austin; and Weil, Gotshal & Manges, held a series of meetings with Fortune 500 board committee chairs on the role of boards in dismantling systemic racism.
This resource can help your board to
- understand the board’s role in dismantling systemic racism,
- provide oversight of the CEO and management’s efforts on DE&I, and
- consider frameworks and metrics to evaluate the corporation’s progress on achieving its DE&I goals.
Most relevant audiences: nominating and governance committee chairs, nominating and governance committee members, audit committee chairs, audit committee members, risk committee chairs, risk committee members