Many organisations talk a good game but this piece of insight probes beneath the surface to look at some facts. It is not pretty and sometimes quite damning.
As an homage to one of Shakespeare’s most famous lines of prose, we recently reviewed the diversity and inclusion statements of many Fortune 500 companies to see if “A rose by any other name would smell as sweet.” Diversity and inclusion statements generally summarize a company’s positive and, often times, idealistic values that stakeholders, investors, clients and regulators can feel good about. Yet, a deeper look reveals that these are a thin-veiled mask used to hide the ugly truth: many companies lack the diversity they claim to value. When reading these statements as we look at the make-up of a company’s board of directors, we can tell whether we’re looking at a rose, or merely its thorns. Unfortunately, we discovered more discrepancies between actions and words that we wanted to.