Insights
Russell Reynolds Associates: A Leader’s Guide - Finding and Keeping Your Next Chief Diversity Officer
Diversity, inclusion & equity have become headline issues, putting pressure on organizations and leaders to respond in a meaningful way. The reality is that simply appointing a new CDO is not enough.
Investors are also expressing their displeasure with discrimination allegations. Russell Reynolds Associates’ review of 2017 and 2018 incidents involving bad executive behavior showed that companies experienced an average 7% decline in market capitalization, or $4 billion, in the days and weeks following the news.
The upside associated with fostering diversity, inclusion & equity has also become more tangible. In their new white paper, Russell Reynolds Associates take a data-driven approach to analyze the CDO role and what makes it successful. They examine:
- The career paths and competencies of today’s CDOs, based on the 234 CDOs currently at S&P 500 companies.
- The barriers many CDOs face within their organizations.
- The actions leaders and organizations can take to make CDOs more successful.