HOLLYWOOD, CA - FEBRUARY 22: A general view of Oscar Statuettes backstage during the 87th Annual Academy Awards at Dolby Thea
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Cheryl Boone Isaacs, the President of the Academy of Motion Picture Arts and Sciences, has issued a statement responding to the lack of diversity in this year's Oscar nominees. For the second straight year, no people of color have been nominated in the Academy's 20 available acting slots.

Isaacs writes that she is "heartbroken and frustrated about the lack of inclusion," and promises to take "dramatic steps" to ensure that it does not happen again. Read her full statement below:

Director Spike Lee and actress Jada Pinkett Smith have announced that they will be boycotting the upcoming Oscars ceremony due to the lack of diversity. Chris Rock will host the Feb. 28 awards show.

The call to rearrange the predominantly white membership of the Academy follows several snubs from this year's collection of non-white actors. Click here for 12 people of color who should have been nominated for Oscars this year.