State Street's McNicholas on Work Place Diversity, Inclusion

Jess McNicholas emphasizes the importance of an inclusive culture alongside diversity strategies. Financial firms have focused on gender representation, but broader diversity efforts are needed. Data plays a crucial role in tracking diversity progress. The Fearless Girl campaign has sparked significant conversations about gender representation on boards.

Why is it important to have a culture of inclusion along with a diversity strategy?

• It ensures that a diverse workforce can thrive.

• It helps in reducing operational costs.

• It increases the number of employees.

• It focuses solely on gender representation.

What initiative in the UK has focused on gender representation in financial services?

• The Diversity Charter

• The Gender Equality Act

• The Women in Finance Charter

• The Inclusion Initiative

What is a challenge mentioned in broadening diversity efforts beyond gender?

• Difficulty in collecting data on other diversity aspects

• Lack of interest from organizations

• Resistance from employees

• Insufficient funding for diversity programs

How does data contribute to diversity and inclusion efforts?

• By reducing the number of employees

• By tracking progress and driving change

• By focusing only on gender diversity

• By eliminating the need for diversity programs

What was the impact of the Fearless Girl campaign?

• It led to a decrease in gender diversity discussions.

• It had no significant impact.

• It sparked conversations about gender representation on boards.

• It focused on financial performance improvements.