It's time to shout (and fund) your support for workplace diversity efforts.
In the summer of 2020, many of us wondered if the racial justice protests and ensuing pledges to do better were a moment or a movement. Today, we have our answer., it’s done so precisely at a time when DEI work is urgently needed. There are now even more active assaults against our very existence as people of color. Five states—Florida, North Carolina, South Dakota, Tennessee, and Texas—legislation.
Regardless of the legal outcome, there’s already been a chilling effect on those who blend diversity and business as a practice. Some entrepreneurs tell me they are seeing a shift in contract language and pitch decks—”diversity,” for example, is now “multicultural.” Others I talk to say specific funds to support local, community, or BIPOC-owned businesses are drying up, or that they’ve been advised to broaden language so anyone can qualify.
This victory has gotten much less press than the case of the Fearless Fund, and that’s unfortunate because the New Orleans court made a distinction affirming diversity as an important component of business decision-making. “…Regardless of whether investors think that board diversity is good or bad for companies, disclosure of information about board diversity would inform how investors behave in the market,” the court wrote.
Indeed, the affirmative action case itself is an example of communities pit against each other . We should recognize the tactic, and not fall for its divisiveness. The most disruptive and productive thing we can do is to continue to band together.“In the face of these attacks what is required is clarity of purpose and mission and the mounting of a countervailing force that can withstand skirmishes and setbacks,” says Gillian Marcelle, founder and CEO of Resilience Capital Ventures.
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