Despite progress in diversifying the talent pool, the level of representation of Black talent in leadership positions remains astoundingly low. Today, only six Black professionals hold CEO positions at Fortune 500 companies–and only four percent of senior leaders at large companies are Black. In fact, McKinsey estimates that it will take 95 years for Black employees to reach talent parity across managerial levels in the private sector.
Ample research has also shown that companies with diverse leadership teams perform better both with talent and financials.
