Page 94 - Forbes - USA (October 2019)

P. 94

PROMOTION

created an amazing pipeline of potential
black board talent, and we are approach-
ing 300 members with nonprofit and
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an ELC member, principal at the execu-
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the co-chair and inspirational leader of
the Corporate Board Initiative (CBI). “The PHPEHUV LV PRYLQJ %XW ZKHQ
availability of black board talent is stron-
ger than it has ever been.” you disaggregate the data, there’s one
CBI, sponsored by EY and Heidrick
& Struggles, readies select ELC mem- underrepresented group that’s barely
bers for service on corporate boards. PRYLQJ DW DOO DQG WKDWŖV EODFNV ř
In spring 2019, the fourth CBI cohort, 27
carefully chosen ELC members, began
a restructured and refocused readiness
experience. First, they completed the cer-
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Association of Corporate Directors. programmatic emphasis on the demand Fast-forward to November, when
They continued with assigned individual side. “We want to be the go-to source for The ELC will partner with the African
mentors and coaching sessions with a black board talent,” says Dexter, “so we’re American Directors Forum (AADF) to
member of Heidrick & Struggles’ CEO going directly to chairs of board nomi- bring highly qualified, board-proven
and Board Practice. nating committees and CEOs. Our CEO and board-ready African-American
With the supply side of the equation GameChanger Conference, for example, executives together with the CEOs,
expanding, CBI now places an equal is an important forum.” board chairs and nominating and

Our Commitment

To Diversity

Morgan Stanley’s ability to build value for clients rests on the
talent of our employees, who bring the benefits of their diverse
experiences and perspectives to their work. We firmly believe
JAMES P. GORMAN,
that our business thrives by promoting a culture of inclusion and
Chairman and CEO,
belonging where dedicated professionals can collaborate to Morgan Stanley
produce breakthrough thinking.
We leverage targeted recruitment and development programs
to hire, retain and promote top diverse talent. Programs designed to
help employees develop skills and build networks include the Leader
Engagement and Development Program for Black and Hispanic Vice
Presidents and Executive Directors, the Multicultural Professional “At Morgan Stanley, diversity is an opportunity—
Development Program for Ethnically Diverse Analysts and Associates IRU FOLHQWV HPSOR\HHV DQG WKH ŻUP %\ YDOXLQJ
and the Women’s Development Program for Vice Presidents and GLYHUVH SHUVSHFWLYHV ZH FDQ EHWWHU VHUYH RXU
Executive Directors.
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In 2019, our inaugural Wealth Management Black Leaders Forum
professional objectives. A corporate culture
brought colleagues together for a multiday experience that provided
exposure to senior leaders and created a sense of community LQ ZKLFK HYHU\RQH IHHOV WKH\ EHORQJ LV IXQGD-
designed to build career momentum. Other strategic programs, like mental to our role as a global leader constantly
the Multicultural Leadership Summit, underscore our commitment VWULYLQJ IRU H[FHOOHQFH LQ DOO WKDW ZH GR ř
to inclusion as a strategic business imperative and convene our
multicultural employees in a business development forum focused
on deepening client relationships.

4 | DIVERSITY

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