Increasing the diversity in leadership is good for business.
McKinsey & Company, Scientific American, the Catalyst Information Center, and the International Monetary Fund have all conducted research quantifying the value of diversity in the workplace. In study after study, the research consistently shows that there is a substantial positive correlation between diverse leadership teams and financial performance.
Diversity in leadership is linked to greater financial returns
A2015 McKinsey & Company report looked at the top management and boards of 366 public companies in various industries in Canada, Latin America, the United Kingdom, and the United States and found that: (read more)
Months after an exposé revealed internal behavioral challenges at Nike and mere days since Under Armour faced its own supposed #MeToo moment, the corporate culture at powerhouse athletic brand Adidas is facing scrutiny.
In a letter addressed to newly minted Adidas North America president Zion Armstrong and obtained by FN this week, an employee of the brand purporting to speak on behalf of minorities at the company urged the new leader to “diversify representation” in the firm’s upper ranks, alleging racial and ethnic tensions at the brand. (read more)
The 2018 US midterm elections, which captured nearly as much attention as a presidential election, was historic on multiple fronts.
A diverse set of candidates won big in states across the country on Tuesday night after people voted at record levels for a midterm election.
Beyond the seismic shift in the makeup of Congress, several people made history on an individual level in this year’s midterm elections. (read more)
Democrats Rashida Tlaib in Michigan and Ilhan Omar in Minnesota both won their races for House seats on Tuesday, becoming the first Muslim women ever elected to Congress.
Omar will fill the seat of Rep. Keith Ellison (D), who was the first Muslim person elected to the body and left his seat to run for state attorney general.
After both facing crowded primary races, the progressive candidates were all but guaranteed to win in the general election, with Tlaib facing no Republican challengers in Michigan’s 13th District, and Omar the favorite to prevail in Minnesota’s solidly Democratic 5th District. (read more)
When the Supreme Court supported laws in North Dakota that require IDs must display a “current residential street address,” about 70,000 Native American voices that could’ve been silenced.
But The Turtle Mountain Chippewa, Standing Rock Sioux, Spirit Lake Sioux and Three Affiliated Tribes in North Dakota all have helped provide free IDs with street address to tribal members who live on reservations. As over Tuesday, over 2,000 IDs have been provided, and the programs will continue to provide IDs through election day.
Lakota People’s Law Project and the Four Directions nonprofit launched the programs, and donations have financed the efforts– from The Native American Rights Fund ($50,000) and 4,300 donors via a GoFundMe page set up by the Standing Rock Sioux, at over $200,000. (read more)
How to create more diverse workplaces and how to use artificial intelligence ethically are among the more challenging dilemmas facing business and government.
While the issues may appear to have little in common besides their complexity, they do overlap. Recently, for example, according to news reports Amazon abandoned a hiring tool that used artificial intelligence because it favored men.
These topics were the subject of two separate task forces that met at last week’s DealBook conference. Each task force, composed of about a dozen experts and industry leaders, met for an hour, emerging with some specific guidelines and focus areas that were shared with the conference and could be taken back to companies and other organizations for discussion. (read more)
Marvel Studios president Kevin Feige has made it perfectly clear that diversity, both on-screen and behind the camera, is a path that his studio will continue to take.
In a roundtable interview with The Hollywood Reporter, Feige said that the record-breaking Black Panther was the perfect example of this, opening everyone’s minds as to what diversity and representation truly meant to the industry, and the results it can garner. (read more)