Chief Diversity Officers Are Set Up To Fail
raceAhead, an email newsletter that focuses on business diversity, featured the Russell Reynolds Associates paper, “A Leader’s Guide: Finding and Keeping Your Next Diversity Officer,” in the edition titled, “Chief Diversity Officers Are Set Up To Fail.” The excerpt is below.
A new report from executive search consultancy Russell Reynolds helps shed light on the current plight of corporate diversity professionals.
While the now robust business case for diversity has persuaded executive teams to install more diversity leaders and inclusion systems, there are real reasons to believe that their work will not have the impact their bosses and boards expect.
A Leader’s Guide: Finding and Keeping Your Next Diversity Officer surveyed 234 top diversity executives from the S&P 500 cohort, to better determine who they are and what they need.
Russell Reynold’s analysis also found that companies who had public incidents of racist and sexist “bad executive behavior” in 2017 and 2018 saw an average 7 percent decline in market capitalization in the weeks following the news. The combined market hit was about $4 billion.
To read the full article, click here.