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Diversity Trail: Blackrock Way

The document summarizes Blackrock's initiatives and success in promoting diversity. It discusses how Blackrock launched programs like WINS and WLF to attract, retain, and advance women in the company. As a result, over 80% of participants moved into new or expanded roles, and it opened men's eyes to challenges facing women. The document also provides tips for other companies, such as reviewing benefits of diversity, understanding that more than one woman is needed for real change, and rethinking director criteria and board sizes.

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harika
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29 views14 pages

Diversity Trail: Blackrock Way

The document summarizes Blackrock's initiatives and success in promoting diversity. It discusses how Blackrock launched programs like WINS and WLF to attract, retain, and advance women in the company. As a result, over 80% of participants moved into new or expanded roles, and it opened men's eyes to challenges facing women. The document also provides tips for other companies, such as reviewing benefits of diversity, understanding that more than one woman is needed for real change, and rethinking director criteria and board sizes.

Uploaded by

harika
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Diversity Trail :

BlackRock Way

Group 5
Rohith K R 190103116
Hari Siva Rami Reddy 190102018
Smriti Shukla 190101116
Roshin Thomas 190101095
Image Source: Google
Fortune 500 Companies

145
Diversity in
Fortune 500
boardrooms 355

Diversity >= 40% Diversity < 40%

Source: catalyst.org
1.45
1.41
1.4 1.39
1.36
1.35

1.3

Recyvle Rate
Recycle Rate 1.25
of Board 1.19
1.2
Members
1.15

1.1

1.05
Axis Title

African American Women Hispanic Women African American Men Caucasian Men

Source: catalyst.org
100
91.1
90

80

70 66

Recyvle Rate
60

50
Representation
40
34
30

20
8.9
10

0
Board Seats Chairmanship
Axis Title
Caucasian Men Others

Source: catalyst.org
What we
have
Achieved

Source: Blackrock Website


Our Current
Initiatives

Source: Blackrock Website


• Founded in 1988

• Operates globally with 70 offices in 30


countries and clients in 100 countries

• Wo r l d ’s l a rg e s t a s s e t
Blackrock management firm handling $6.5
trillion worth of assets

• American global investment management


corporation

Source: Blackrock7 Website


• Commitment to cultivation of diversity in all
forms

• We are a fiduciary to our clients


Our
Principles
• We believe in collaboration and team work

• We are passionate about performance


Initiatives Launched
• To attract and retain talented female
employees, we launched Women’s Initiative
Network (WINS)
• To prepare senior women for director-level
How roles by encouraging others to publicly
Blackrock did advocate for them, we launched Women’s
it
Leadership Forum (WLF), a year-long
sponsorship program
• sent letters to companies in the Russell
1000 index with fewer than two women on
their boards, asking them to explain how it
will align with their long-term goals
Source: Blackrock Website
Results
• Men became agents of change
• More than 80% of participants have moved
How
Blackrock did into new or expanded roles
it • Opening the eyes of many men to the very
real challenges women are facing at work
have emerged far more empathetic and
aware of what it’s like to be a female

Source: Blackrock Website


•Lack of
Qualified
Candidates

Denial of •The effort


the doesn’t
diversity justify the
problem benefits

Excuses

•We’re not
•Women
a
lack
consumer-
leadership
facing
qualities
company
Source: Bloomberg
Review the benefits

• Team diversity leads to greater innovation and better


decision-making
• Female are more likely than their male counterparts to
talk about social issues
How You can
Implement It Understand that one isn’t enough

• Boards, most of which have nine to 13 members, can’t


just add one woman and expect real change in the way
they operate
• You need at least three female directors, a critical mass

Source: Harvard Business Review


Rethink director criteria
Rethink • New women directors tend to have more finance, technology and consumer
experience than male directors, according to Spencer Stuart’s 2018 Board Index

How You can


Require Require a 50-50 slate
Implement It

Expand Expand the size of the board

Source: Harvard Business Review


Any
Question?

Image Source: Google

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