Diverse boards lead organizations that routinely outperform their peers. Yet a recent survey of 3,000 of the largest traded American companies found that in 2020, just 12.5% of board directors were from underrepresented ethnic and racial groups, up from 10% in 2015.

Boards need to strategically lay the foundational blocks to enable diversity at the top, from clear achievable goals to renewed processes that enable a better board culture.