. She can also use her wealth of knowledge that comes from serving as a board director at the Macerich Company, a real estate investment trust.is the company’s drive and desire to face hard issues head-on while continuing to improve on the amazing connection experiences they have built over the years,” said Alford in an online statement. “I look forward to working with Mark and the other directors as the company builds new and inspiring ways to help people connect and build community.
Alford’s impending board arrival coincides with longtime directors Netflix CEO Reed Hastings and Erskine Bowles leaving their posts. Both of them have served on Facebook’s board since 2011 but will not be re-nominated next month.Facebook’s leadership is only 3% black and they are following the trend for diversification in corporate America. J.P. Morgan, Uber, Netflix, and Etsy all added African-American female executives to their boards in Q1 of 2018.
There’s research showing the many benefits of diversity in thought among corporate leadership. McKinsey and MSCI found companies with higher levels of diversity at the board level, are more likely to have strong financial performance and fewer instances of poor corporate governance. Specifically, African American women sawin both the Fortune 100 and Fortune 500, according to Deloitte.
While this is a fantastic board appointment by Facebook, there are still too few African Americans serving on publicly traded boards and at the top of U.S. corporations. Only three African American CEOs are leading Fortune 500 companies. There is a lot more work to be done to diversify the upper ranks of corporations across this country. Alford’s nomination is expected to be confirmed at the company’s annual meeting on May 30th.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top execs at American weed retailer MedMen quit amid claims of financial duressThe chief operating officer and general counsel of MedMen have both resigned amid a employee shakeup at the American marijuana retailer. Checkout instacryptonews , they have a great service too.
Source: CNBC - 🏆 12. / 72 Read more »
How to think about African-American EnglishSeeing the problems some of AAE speakers face as akin to ones of translation might let policymakers appreciate and solve them WHO are you, We do not live by your rules or your thoughts, alllibertynews Why does this need to be an article? bigots 🤔
Source: TheEconomist - 🏆 6. / 92 Read more »
Mueller report details how Russians reached millions of American Facebook and Twitter usersHere's how technology companies and products were cited in the Mueller report. Funny how , it wasn’t the Russians who gave Hillary the Questions prior to her debates...it was the NBC Newsroom.. Ask Americans if that had any effect on them to make their decision... Hillary was out of track to insult people... 😂 looks like trump took that from her and caring on Incompetent Obama allowed this to happen. Obama instructed his Cyber Chief to “Stand Down” when he learned of Russian interference in the 2016 election.
Source: CNBC - 🏆 12. / 72 Read more »
In online ad, Howard Schultz says 'majority of Americans are Americans'A new Facebook ad from possible 2020 presidential candidate Howard Schultz gained attention online over a line saying 'the majority of Americans are Americans.' Vote: WTF Howard who?
Source: NBCNews - 🏆 10. / 86 Read more »
5 takeaways from the 1st major fundraising reports of the 2020 presidential raceA look at Trump's financial advantage, Democrats who have raised the most money and celebrity support, like actor Reese Witherspoon and Twitter's Jack Dorsey. The biggest takeaway: Trump has already won Of all the candidates ABC could picture they picked Pete. Goes to show you the media picks the Democrat candidate Does the dearth of *policy* have anything to do with you people fixating on fundraising?
Source: ABC - 🏆 471. / 51 Read more »
Wall Street and finance execs spread their donations across the 2020 Democratic fieldWall Street and finance executives placed their early 2020 bets on a variety of Democratic presidential candidates, from Pete Buttigieg to Kamala Harris, even as the contenders try to distance themselves from big money donors. 'hey democrat voters, look how much MONEY these candidates have, WOW!! Do you feel excited about electing one of these corporate stooges yet?' All you need to know
Source: CNBC - 🏆 12. / 72 Read more »
Google execs reveal best advice they got from Silicon Valley's 'trillion dollar' business coach'Trillion dollar coach' Bill Campbell was a football coach-turned-management guru who mentored some of the most successful executives in tech, including Google billionaire Eric Schmidt and Apple's Steve Jobs.
Source: CNBC - 🏆 12. / 72 Read more »
Killer clown suspect's husband insists she's 'falsely accused' of shooting his 1st wifeKiller clown suspect's husband insists she's 'falsely accused' of shooting his first wife. Yeah . . huh . . what? 'I could never juggle all that'!
Source: ABC - 🏆 471. / 51 Read more »
Deadly attacks in Sri Lanka tap into global anxiety about Christian-Muslim violenceThe attack in a place such as Sri Lanka stokes fears everywhere, including the United States. Interesting that Christian-Muslim violence is mentioned, but not the Passover Worshippers. They must not play a role in any of it.
Source: washingtonpost - 🏆 95. / 72 Read more »