A new board diversity report by BoardProspects reveals companies in the Russell 3000 are at a major inflection point regarding racial equality on their boards, but most still have no Black board members.

According to the report, released Monday, of the nearly 27,000 board members within the Russell 3000, 5.4 percent are Black. Further, 60 percent of those listed companies have no Black board members at all.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...