Merrill Lynch Gets More Transparent on Diversity
The Barron’s article, “Merrill Lynch Gets More Transparent on Diversity,” quoted Russell Reynolds Associates Consultant Tina Shah Paikeday on ways companies are holding themselves accountable for improving diversity initiatives. The article is excerpted below.
Merrill Lynch has, for the first time in many years, released detailed data on the racial and gender makeup of its financial advisor corps, a step that diversity advocates have urged the big Wall Street brokerage firms to take.
“Stating [diversity] numbers publicly really does hold companies accountable for where they stand today and where they would like to go,” said Tina Shah Paikeday, global head of diversity and inclusion advisory services at Russell Reynolds Associates, a New York City-based executive search and consulting firm. “We’re seeing increasing numbers of boards getting involved in tracking and holding companies accountable for those metrics.”
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