In my work in executive search, it is blessedly rare these days for discussions about leadership or board succession NOT to include the topic of diversity. The frequency and comfort level many corporate leaders now have discussing diversity is something to celebrate in and of itself.
At the Forbes Leadership Forum on Private Equity, Charles Gray, co-leader of Egon Zehnder’s US Diversity Practice with a special focus on Private Equity, recently contributed to the discussion on diversity, arguing that while Private Equity does not have the best record on diverse hiring, it does have a type of “evergreen hiring” that we can all learn from: Building great talent pipelines by forging strong relationships with promising candidates – before they’re even candidates.
The European commission is to push for a quota for women on company boards to address the slow progress to gender equality in the senior ranks of publicly listed businesses. Previous attempts by the EU’s executive to set a 40% goal for women in the top ranks of listed companies have been blocked by Germany, the Netherlands and Sweden overs fears that Brussels was overreaching into domestic affairs. Hungary and Poland have opposed the move on ideological grounds.
New York City has a new law (Intro. 1253) that went into effect this month, preventing employers and talent advisors from seeking salary information from prospective employees (unless voluntarily provided or subject to public disclosure by law).
New York City has become the latest in the list of cities and states that are implementing new policies directly aimed at leveling the playing field, making it illegal for companies and organizations recruiting on behalf of a company to ask for the salary history of job candidates.
Women in Brazil are highly ambitious and place great value on career growth and development opportunities, according to Egon Zehnder’s 2017 Leaders & Daughters Global Survey. Almost all (92 percent) of Brazilian women in the early stages of their careers aspire for executive/senior leadership ranks — the highest among all countries surveyed.
Egon Zehnder cares deeply about leadership— and, in particular, the diverse leadership that is necessary for true business success. As the focus of leadership moves from individual excellence to building a culture of high-performance teams, we must cultivate more varied and inclusive leaders who can recognize and nurture the best in people.