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Ethnic diversity. Image: Shutterstock

Even in the wake of the COVID-19 pandemic, recent headlines have been rife with stories about racial tension, incidents of violence and civil unrest—as some corporate board directors have coined it, “a crisis within a crisis.” Comparable in some ways to the #MeToo movement, pressure is mounting for corporate boards to tackle racial injustice in the workplace, promote a truly inclusive environment, and rewrite company policies to make it clear to internal and external stakeholders that there is no room for racial discrimination or harassment. Leaders know that if companies do not strengthen their policies in this changing environment, they risk not only violating discrimination laws, but also the reputational damage that comes from alienating potential customers, investors, and the public.

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