According to Bloomberg, the Diversity Disclosure Initiative, a “new coalition of institutional investors and advisers overseeing more than $3 trillion in assets[,] is pushing U.S. public companies to disclose the racial makeup of their boards in a bid to increase the diversity of corporate directors.”
Bloomberg cited current statistics, as the basis for the DDI’s push:
The percentage of Black directors [of Russell 3000 Index companies] remains low among the boards of the largest U.S. companies, according to an Oct. 25 analysis from executive recruiter Russell Reynolds Associates. The percentage of directors who are Black, Asian, Hispanic or other members of other racial or ethnic minorities passed 10% for the first time last year in the Russell 3000, according to the study. Black directors were the largest group, at 4.1%. In the S&P 500, the number of Black directors rose in 2019, even as the number of companies with Black directors fell; 37% of boards lacked a Black director last year, Russell Reynolds found.
Did you catch that? Their analysis blasts past a very specific point: that among all directors who identify as other than White, “Black directors were the largest group, at 4.1%.” As if it’s inconsequential that all other groups are even more under-represented.
I, for one, want to know: how much less than 4.1% we’re talking about, if we’re going to talk about Asian, Hispanic and “other” ethnoracial groups. But apparently, that’s not worth talking about.
At least at Bloomberg, but not just at Bloomberg. Folks, we gotta talk about racism in antiracism.
Does it “cover” ethnoracial equity and inclusion to focus only on Black directors, among all directors of color? No.
Is it vital to focus on Black directors to advance ethnoracial equity and inclusion? Yes, and. The percentage of Black directors is a vital, noncomprehensive and unreliable indicator of DE&I (again, this is not multiple choice: it’s all or none). Numbers only indicate diversity, not necessarily equity or inclusion. Consider this progress noted in the article:
Many U.S. companies are for the first time disclosing the racial breakdown of their employees. As part of a push by New York City Comptroller Scott Stringer, who also signed the letter, Amazon.com Inc., General Motors Co. and Goldman Sachs Group Inc. are among the companies that this year agreed to report workforce racial, gender and ethnicity data.
It is indeed progress that companies and communities are even tracking this data (as vital, noncomprehensive and unreliable indicators of overall “racial, gender and ethnicity” DEI). And. What matters isn’t just the overall %, but how that “racial, gender and ethnicity data” is distributed within companies. This is to say that if the % of currently under-represented groups doubles or triples… all at the bottom of the pay or decision-making scale, then that’s less impactful growth than if the tripling is occurring throughout these companies, including (and probably necessarily at higher rates) wherever the power resides. When we focus just on diversity and skip over our responsibilities to deserve to be more diverse through creating equitable and inclusive communities where under-represented groups can thrive, we put the onus of survival on under-represented groups while we pat ourselves on the backs for a job (not) well done.
Isn’t it still progress to focus at least on (just) Black directors, among all under-represented directors of color? That depends on the goal. It’s not that it’s not good enough to advance only black antiracism, it’s that that’s not antiracism. Antiracism doesn’t pick and choose among racial groups, assigning importance to some and not to others. That’s just racism v2.0. The true opposite of antiracism isn’t racism: it’s inhumanity. An inhumanity in which racial identity is all that defines us; in which anything outside of the “either/or” paradigm of “White or Black” is intolerable to acknowledge; in which, therefore, the complex intersectionalities of White and Black identities can certainly not be acknowledged. So keeping racial DEI “black and white” literally and figuratively isn’t just unjust for all of us who are neither Black nor White (or Black and also White): it’s unjust for folks who are White or Black, who are still contained by racism’s essentialist view of them.
Does it hurt ethnoracial equity and inclusion to focus only on Black directors, among all directors of color? Yes. Yet, any “success” in racial DEI that abides the minoritization of a group on the basis of their identity is just shifting optics within a racist framework. Minimizing Asian, Latina/o/x and Hispanic, Middle Eastern, Native American “and other” under-represented ethnoracial groups as “other” is still playing by racism’s rules. [This is analogous to how, in acknowledging the gender spectrum of identity, some communities have just swapped one binary for another: cisgender-transgender, instead of female-male binary. Even though both gender systems continue to have real social and mortal impacts on our lives. And notwithstanding that the spectrum is not a binary.
I’m grateful for the work of the Diversity Disclosure Initiative. I appreciate their focus and the accuracy of their initiative’s focus and scope. Even though diversity without equity and inclusion is consequentially unsustainable and unjust, at least the DDI isn’t claiming to be about more than what they are.
Bloomberg could take a lesson from them. Their headline reads: “Investors Overseeing $3 Trillion Push for Board Racial Diversity.” What they owe the DDI, the directors and their reading public is an accurate headline: “Investors Overseeing $3 Trillion Push for Board Black Racial Diversity.”
We need priorities, yes. And intentionality, clarity and accuracy in naming them. That is, if we actually intend progress. As long as “antiracism” and “people of color” (and even “BIPOC”) are used as if they’re intended comprehensively, but really only mean Black antiracism and Black people, we will continue to throw hurdles in the way of our own striding toward racial justice.