Morgan Stanley's Harris on California Board Mandate, 'Holidays in Harlem' Event

The video discusses the effectiveness of California's law on board diversity, emphasizing that mandates can drive change. It explores the challenges women face in joining boards and the importance of being outstanding in one's field. The discussion highlights the role of training programs and experienced executives in board success. Morgan Stanley's Multicultural Innovation Lab is showcased for its support of diverse startups, with significant investor interest. The video concludes with a personal story about a charity concert, underscoring the value of authenticity and using personal talents for good.

What is one reason the California law mandating diversity on boards is considered effective?

• It eliminates the need for board member training.

• It guarantees a fixed number of women on every board.

• It transforms diversity from a goal to a measurable mandate.

• It allows companies to choose board members based on gender alone.

Why might some people have mixed feelings about diversity mandates on boards?

• They feel it is too difficult to implement.

• They worry it will increase board member turnover.

• They believe it undermines the qualifications of board members.

• They think it leads to less diversity.

What is a common concern about women and newcomers joining boards?

• They lack the necessary experience.

• They are overqualified for the positions.

• They are not interested in board roles.

• They are too focused on diversity issues.

How does Morgan Stanley's Multicultural Innovation Lab support startups?

• By hiring startups directly into Morgan Stanley.

• By hosting demo days to connect startups with investors.

• By offering financial grants without any conditions.

• By providing free office space.

What was a notable outcome of the first class of the Multicultural Innovation Lab?

• All companies moved to a different accelerator.

• Two companies were sold, and others received significant investments.

• The lab was closed due to lack of interest.

• All companies failed to secure additional funding.

What is the significance of the executive's singing talent in the final section?

• It is a hobby that has no impact on her professional life.

• It is used to entertain colleagues during meetings.

• It is a secret talent she keeps hidden.

• It is leveraged for charity events, benefiting others.

How does the executive view authenticity in her career?

• As a distinct competitive advantage.

• As something to be avoided in business settings.

• As a disadvantage that should be hidden.

• As irrelevant to her professional success.