Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Blends are OK, but why aren’t diversity panels diverse?

Outsider/diversity/

19 March 2021
| By Outsider |
image
image image
expand image

Outsider is pleased that, even though it took too long, the issue of diversity has become an important matter for many financial services firms, on the surface at least.

Outsider has noticed the increasing number of webinars dedicated to diversity, though mostly tackling gender diversity.

During one such webinar a panel discussed the number of female CEOs in the ASX 200, and workforce barriers for women.

After an audience member questioned the panel about the additional barriers faced by women from ethnic backgrounds and how firms could overcome the lack of non-white female women in executive roles, it was clear to Outsider that this particular issue was beyond the panel’s expertise.

Why? For the simple reason that the panel looked, well, uniformly Caucasian. While the panel were respected high-level women from various sectors, it appeared to Outsider none of their backgrounds could help them in providing views on how the issues of colour or ethnicity could be tackled.

This is not the first time Outsider has encountered panel discussions where the participants discussed diversity but were not particularly diverse themselves. Dammit, Outsider confesses to having been on some of those panels and his experience of diversity is limited to single malt versus blend.

Outsider reminds the industry that while gender diversity is incredibly important, diversity also included ethnic backgrounds, age, disability status, sexual orientation, gender identity, socio-economic background, caring responsibilities, intersex status, and religious affiliation and, ahem, not Speyside versus highland.

Outsider wonders whether webinar fatigue could be overcome with more inclusivity to stand out against all the beige or, dear he suggest, white. 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 week 2 days ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 month ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month 1 week ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

1 week 4 days ago

AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies. ...

1 day 20 hours ago

The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted. ...

2 weeks 4 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND