Organizations that are slow to increase diversity on boards are missing growth opportunities, said Ronald Parker, chairman of the Alliance for Board Diversity. Improvements are happening on Fortune 500 boards, but having 40% of seats held by women and minorities is a scenario that is likely nearly 10 years away, Alliance data show.
Steve Rogers, a senior lecturer at Harvard Business School, is working to increase the diversity of the case studies produced by the school to highlight more black MBA graduates who have started businesses. Rogers has written 14 such case studies after estimating that only 1% of Harvard's nearly 10,000 case studies focused on black entrepreneurs.
The percentage of women occupying board of directors positions at public US companies is increasing but won't reach equity until 2055 at the current pace, an Equilar study shows. Europe's rate is higher, in part because some companies have set quotas.
Colleges and universities with financial-planning programs say they need more contributions from industry to grow and sustain them. Such programs, however, have about 1,350 graduates annually, posing a challenge for them to mitigate an expected 200,000-adviser shortfall within five years.
Leaders looking to improve diversity in and out of the workplace need to hone their skills for listening and appreciating other people's problems and suggestions for solutions. Hear the voices that speak against bias and oppression, and work to integrate their concerns in a stand against inappropriate behavior.
Studies continue to confirm the powerful positive effect diversity has on business functioning, but many organizations continue to struggle to hire and maintain diverse teams. Some groups are having success with forms of blind recruitment, where personal information is stripped from resumes to provide less-biased opportunities to a wider group of people.
Toigo Gala announces master of ceremonies: Van Jones
Mark your calendar for Toigo's annual Gala on Thursday, June 15. The event will feature the same top-notch celebration in a new home -- Cipriani Wall Street. Register today.
Where do the top names go for top MBA talent?
Toigo's MBA Catapult is the earliest and largest opportunity for firms to meet top minority talent entering business school this fall. All 200 attendees are pre-screened by Toigo and focused on careers in finance. This early access is unmatched by any other organization focused on diverse talent -- get involved at any level today.
Toigo MBA Fellowship program extends application deadline
If you know a rising minority MBA who is enrolling in business school in fall 2017 and planning a career in finance, encourage them to apply for the Toigo MBA Fellowship. The deadline to apply has been extended to April 7. Apply now.