Diversity Woman Magazine

SPR 2019

Leadership and Executive Development for women of all races, cultures and backgrounds

Issue link: https://diversitywoman.epubxp.com/i/1096324

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d i v e r s i t y w o m a n . c o m S p r i n g 2 0 1 9 D I V E R S I T Y W O M A N 15 What CEOs Really Think about D&I Study shows that beliefs don't always translate into actions W hen it comes to diversity and inclusion, CEOs don't always practice what they preach. That's a major takeaway from a study by Fort Collins, Colorado–based training and mentoring organization The Moxie Ex- change. The study, The State of Diversity and Inclusion According to CEOs, explored what CEOs think about diversity and what actions they are taking. To determine that, 80 CEOs in various industries—65 percent identifying as male and 35 percent female—completed an anonymous survey. Fortunately, most believe diversity and inclu- sion are important for business success, says Maureen Berkner Boyt, founder of The Moxie Exchange. "But many don't understand that diversity and inclusion isn't a mind-set. It's a set of behaviors, and many are missing that set of behaviors." Here are some findings. Knowing doesn't translate to doing. While 82 percent of respondents said they believe diversity is linked to posi- tive business results, only 32 percent said D&I was a top five strategic priority in their organization. CEOs aren't doing as well as they think. While 53 percent said they are doing enough to foster an inclusive workplace, just 21 percent had given employees resources for managing D&I challenges, and only 29 percent had plans to implement unconscious bias training in the next year. CEOs have been reactive, not proac- tive. Many actions CEOs have taken have been prompted by legal concerns. Fewer CEOs have come up with a proactive plan to create an inclusive environment. Women CEOs have more buy-in. Ninety- four percent of women CEOs believe diver- sity directly contributes to business success compared with 75 percent of male CEOs. Upfront > Stars Who Mean Business Priyanka Chopra Etc. Opening doors to pave the way for women in tech F emale start-up founders received a mere 2 percent of venture capital dollars in 2017, according to financial data company PitchBook. Priyanka Cho- pra, the Bollywood superstar actress known for her roles in the movie Baywatch and the ABC television series Quantico, is doing her part to change that. Chopra is making a name for herself as a tech investor, and she's most interested in companies that are doing social good and have been founded by women. One of her first investments is in Holberton School, a school that teaches software coding. Chopra will serve on the school's board of advi- sors. "No path to success is linear, but it's staggering that women make up half the workforce and have held fewer than 25 percent of jobs in tech for the past two decades," Chopra said in a statement. "At the Holber- ton School, inclusion and diversity are more than just buzzwords. It is prioritized and infused in their DNA, and I'm looking forward to joining the board of trustees to help further their mission and close the gap." Chopra has also invested in Bumble, a dating and social media app developed by another woman entrepreneur in tech, Whitney Wolfe Herd. Shortly after the ventures were announced, Chopra shared her enthusiasm with followers on Twit- ter: "A new chapter for me! I am so excited to partner with Bumble and Holberton School as an investor. I'm honored to join two companies that strive to expand gender diversity in the tech space, and make a social impact for the greater good."

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