Preview: IVCA Diversity Program Series Part Four on November 18, 2022
November 9, 2022One of the important challenges facing the Venture Capital and Private Equity industries – in fact, all of finance – goes by the initials of D.E.I. Diversity, Equity and Inclusion is an initiative that reflects the variety of the world and its occupants, and the United States commerce system must continue its evolution into that globalism.
The IVCA has been expanding the discussion through their Diversity Program Series in 2022. The first three parts have taken place, and the series final event – “Strategies for Survival: Cultivating Mentors and Allies for Success” – will be an in-person luncheon Webcast on November 18, 2022. Click here to register.
Conducting the series will be Nextions LLC, a consulting firm that believes that smart leaders recognize that workplaces that work for everyone are better for everyone. They provide these leaders the tools for cultivating workplaces that honor and value diversity, inclusion, equity, justice, and wellness.
To preview the November luncheon, the following article links on the web expands both the perspective on the IVCA discussion so far, and other elements of DEI.
Forbes.com, ‘15 Key Benefits Of DEI To Communicate With Team Members’
In light of the recent societal spotlight on racial justice and equality, many businesses have taken a renewed interest in diversity, equity and inclusion (DEI). For these efforts to be truly successful, however, there must be buy-in from the entire organization.
READ MORE: https://www.forbes.com/sites/forbeshumanresourcescouncil/2021/05/19/15-key-benefits-of-dei-to-communicate-with-team-members/?sh=b97b1c195c19
Medium.com, ‘Bringing DEI to Venture Capital’
It’s no secret that the venture capital industry has one of the most homogenous workforces in the world. A recent survey of 1,500 venture capital investors found that 58% were white & male and when taking seniority into account, that same group controlled 93% of all venture capital dollars invested.
READ MORE: https://medium.com/ventureesg/bringing-dei-to-venture-capital-ae1e131c82fe
McKinsey.com, ‘The State of Diversity in U.S. Private Equity’
Within the last year, numerous private equity (PE) firms have accelerated efforts to ensure tangible strides in the diversity of their workforce. In this article, we step back to examine recent North American statistics, assess the industry’s progress to date, and contemplate PE’s DE&I priorities for the next year.
READ MORE: https://www.mckinsey.com/industries/private-equity-and-principal-investors/our-insights/the-state-of-diversity-in-us-private-equity
Forbes.com, ‘Top 4 Reasons Diversity And Inclusion Programs Fail’
Supplemental to first IVCA Diversity Program Series, ‘Why Inclusion Efforts Aren’t Working in Workplaces Today and What You Can Do About It’: “Many organizations face a moment of cultural reckoning from the lack of centering diversity and inclusion programs in the past.”
READ MORE: https://www.forbes.com/sites/forbeseq/2021/03/29/top-4-reasons-diversity-and-inclusion-programs-fail/?sh=763ca757c847
HRMorning.com, ‘Why Many Employees Don’t Report Bullying and Bias’
Supplemental to second IVCA Diversity Program Series, ‘How to be an Upstander When You See Bias in Action’: “One of the best ways to keep employees safe and thriving in the workplace is to be aware of any issues or wrongdoing that may prevent them from doing their job, feeling comfortable around their co-workers, or even wanting to stay at their company.”
READ MORE https://www.hrmorning.com/articles/report-workplace-wrongdoing/
HBR.com (Harvard Business Review), ‘Be Yourself, but Carefully’
Supplemental to third IVCA Diversity Program Series, ‘How to be Authentic at Work, Especially in Uncertain Times’: “‘Authenticity’ is the new buzzword among leaders today. We’re told to bring our full selves to the office, to engage in frank conversations, and to tell personal stories as a way of gaining our colleagues’ trust and improving group performance.”
READ MORE: https://hbr.org/2013/10/be-yourself-but-carefully
EvidenceBasedMentoring.org, ‘5 Best Practices: How To Be a Good Ally & Mentor’
Supplemental to upcoming and final IVCA Diversity Program Series, ‘Strategies for Survival: Cultivating Mentors and Allies for Success’: “If you don’t identify as part of a marginalized community, being an ally is not always the easiest, most natural role to step into. It involves sticking your neck out in situations that may be uncomfortable.”
READ MORE: https://www.evidencebasedmentoring.org/5-best-practices-how-to-be-a-good-ally-mentor/
Part Four of the IVCA Diversity Program Series will be “Strategies for Survival: Cultivating Mentors and Allies for Success” on November 18, 2022. To listen to the previous three parts, click here. For more information about Nextions LLC, click here. The 2022 IVCA Awards are December 5th at The Four Seasons Hotel in Chicago. For information, click here.