No More Excuses: How 4 Leading Companies Diversified Their Boards

  • 📰 Forbes
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

No more excuses: How 4 leading companies diversified their boards:

And what can corporate leaders learn from them so that, perhaps, board diversity in 2031 isn’t still the topic covered by excuses? Though Ken Frazier, one of the Fortune 500’s only Black CEOs, stepped down at the end of June, he will, for the time being, retain his position as chairman of Merck’s board. The company’s board is relatively diverse, with three Black directors , including Frazier, and six women .

The company pursued a variety of strategies, including looking beyond sitting CEOs and personal networks, interviewing a wide array of candidates, and dedicating several hours a week to the search. “You really need to research this,” Victor said. “It requires a deliberate process. Sometimes you get off track but you have to keep going back to what your search criteria is and keep a disciplined approach.

“We wanted to deliberately create a diverse leadership, bringing in people with different backgrounds, education, and work experience,”Nan Weitzman, HP’s Head of Talent Acquisition. “And we asked ourselves, ‘Who do we need in order to thrive?’... It starts with the leaders believing in it and speaking about it and actually doing it. It’s part of the everyday conversation.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

No More Excuses: How 4 Leading Companies Diversified Their BoardsA recent report revealed some disappointing news: Not a single Fortune 500 board is representative of the U.S. population in terms of gender and ethnicity, and, in 2020, minorities held just 18% of Fortune 500 board seats.
Source: Forbes - 🏆 394. / 53 Read more »

Tech companies pledge billions in cybersecurity investmentsSome of the country’s leading technology companies have committed to investing billions of dollars to strengthen cybersecurity defenses, White House says. Okay okay keep up the good work
Source: NBCNews - 🏆 10. / 86 Read more »