Showing 4 results for:
board-diversity
Popular topics
All results
This fraternity is putting brotherhood to the test with a new initiative to help startups and their respective communities build wealth. According to Watch The Yard, 18 members of Kappa Alpha Psi Fraternity, Inc. from all over the nation have partnered with 12 Black and brown executives to form an Equity Crowdfunding Portal. Seed At The Table is FINRA approved and a win-win situation as that it will provide access to capital for diverse founders and allow investors to place their stake in private businesses at lower minimums. “[Seed At The Table] is committed to spurring economic advancement and firmly believes both a founder’s ability to access capital and an individuals’ ability to invest in the business and products they consume are paramount to the viability of Black and Brown commerce,” said founding member and brother of Kappa Alpha Psi, Pierre Le Veaux, in an interview with Watch The Yard. Generally to invest in an early-stage startup, one must have an accredited investor...
Corporate and board diversity has been hot button topics for the last few months as people worldwide have demanded companies to make the necessary changes to increase Black and brown representation in leadership positions. As a result, Ursula Burns and Gabrielle Sulzberger as well as leading partners Teneo, the Ford Foundation, the Executive Leadership Council, and a group of founding parties have all banded together to launch the Board Diversity Action Alliance — a business-led initiative making strides to increase the representation of racially and ethnically diverse directors on corporate boards of directors, starting with Black directors, a press release reports . This initiative arrives just as conversations surrounding social justice continue to heighten, and is one of the nation’s first organizations to help dictate the racial makeup of a corporate board, according to Black Enterprise . “I truly believe this is a make or break moment for business and for society—driven by a...
An organization’s biggest asset is arguably its board, which provides leadership and ensures responsible execution of the organization’s vision. However, boardrooms across the nation are much the same as the venture capitalist landscape: predominantly white and male. Creating a more balanced board has become a corporate conundrum, hampering diversity initiatives and recruitment efforts. The National Diversity Council’s 2018 study of business leadership in Texas revealed that white males made up more than two-thirds of C-suite and board members, though the state’s white male population is less than 45 percent. Overall, minority women represent less than two percent of executive and board composition in the state . The picture painted in Texas is a window into a larger, national issue, where the growing diversity of the U.S. population is not reflected in corporate leadership. Fortunately, there are options for companies working to achieve more diversity in the boardroom. Since low...
Amazon has added Starbucks executive Rosalind Brewer to its board of directors, making her the second Black woman on the tech company’s board. Brewer was also appointed to Amazon’s leadership development and compensation committee. Currently Starbucks’ chief operating officer, she’s previously served as chief executive officer of membership warehouse business Sam’s Club. She also served as a director of Lockheed Martin Corporation from April 2011 to October 2017. Last May, Amazon agreed to adopt a policy that requires women and people of color to be considered for all board openings. This came after the company was pressured by the Congressional Black Caucus to adopt a proposal to increase the diversity of its board. Myrtle Potter, former president and COO of Genentech, was the first Black woman to be appointed to the online retail giant’s board of directors. Potter began to serve in 2004 and stepped down in 2009. Brewer’s appointment brings the number of women on Amazon’s 10-person...