California's board gender diversity requirements meant that Shift Technologies CEO George Arison couldn’t confine his search for directors to just his network (which he admits is mostly men). Now Shift's board of eight has three female board members. Diversity laws can make a difference.
Charles Scharf isn’t the first to say make a claim like there's a "limited pool of Black talent" and he won’t be the last, and while I realize little can be done to prevent an “off the cuff” comment, I don’t understand how it ended up being released in a memo. Isn’t anyone in charge of not letting the CEO say something so offensive?
Once upon a time, the process for confirming a new Supreme Court Justice took into consideration the broad ranges of values held across America instead of the extreme notions of a chosen few. It aimed at adding to the court the calibre of a legal mind worthy of replacing a Scalia or RBG, not a specific political viewpoint. And it was conducted with a respect for the power being entrusted in a group of nine individuals to protect our rights and guarantee justice for everyone, and instead of devolving into at trip through the sordid details of the nominee's memory lane.
Or maybe that was just an episode of The West Wing.Continue reading...
Boards that use "prior experience as a CEO" as a screening tool, knowing how few Blacks (and women and people of color) will be able to meet this requirement, might as well just say "only white men need apply."
Women striking out on their own can be a great solution, but it shouldn't be the only solution. Women shouldn’t have to opt-out of corporate America to make work and family work.
We could drive diversity metrics off the chart if every white male executive officer/senior leader would develop a succession plan for his position that would fill his role with someone different - someone whose identity doesn’t match his own.
This is a running list of companies that have been hit with shareholder derivative lawsuits for claiming to have a commitment to diversity but lacking any evidence of it on its board and executive team. The list includes links to articles with more detail re: the lawsuits.
White people have to be involved in dismantling systems of racial inequality, just like men have to be engaged in the work it will take to dismantle the structures of male privilege and replace them with something better. Who do they think created those systems and structures in the first place?