New Initiative Aims for 100 Black GCs at Top Companies by 2025
The long-term goal is to increase the number of black in-house legal leaders in both public and private large companies.
May 16, 2018 at 03:41 PM
3 minute read
The original version of this story was published on Corporate Counsel
A group of former and current general counsel is setting some very specific goals to increase racial diversity in the top legal spots at some of the world's largest companies.
The 2025 Black GC Initiative initially hopes to increase the number of black GCs in Fortune 1000 companies (currently at 38) to five percent of the total Fortune 1000 group by 2020. By 2025, the aim is to grow the proportion of black GCs to 10 percent of the top company lawyers in the Fortune 1000.
The long-term goal is to increase the number of black in-house legal leaders in both public and private large companies.
“We want to be able to have a pool that is robust enough that we should be able to field some qualified black candidates for about any search that opens up out there,” said Ernest Tuckett, general counsel, Americas, at Akzo Nobel Inc. and co-leader of the initiative.
The initiative was sparked by a speech by Tuckett at an annual National Bar Association Corporate Counsel event last year about diversity in the in-house community and his call to action to improve those numbers. He suggested the value of setting some goals and discussing ways to reach them in eight years. Those who volunteered to do so met, and the effort was born.
Key to the initiative's effort is the identification of so-called “ready-now” black GC candidates. To be deemed ready now, however, the candidate must be nominated or sponsored by a current or former GC, a chief executive officer or an executive search firm, said April Miller Boise, senior vice president, CLO and corporate secretary at Meritor Inc. and the other leader of the initiative.
These ready-now candidates, Boise added, are identified based on ideal core criteria necessary to be a successful GC and developed by the group's advisory council. While acknowledging that “everyone's path to the GC chair is different,” Boise said the core criteria generally can be divided into three main categories: strong executive presence and interpersonal skills, significant technical legal expertise and experience, and excellent judgment.
Candidates who believe they are set to go are encouraged to compare their experience to the core criteria and discuss that analysis with GCs that they know and trust.
“I'm sure one of the reasons that this has really resonated with people is that these are very tangible goals to drive the needle,” Boise said. “This is not just networking. It is getting to know each other so that we have these relationships and can talk about the state of the profession and how we drive that change.”
Also integral to the effort is what's called a bio book, which includes short bios and headshots of GCs and ready-now candidates. Current GCs are included because many will be candidates for new and different top-lawyer roles—leaving openings for the ready-now lawyers.
As GC searches are conducted, selected bios may be presented by a member of the advisory council or other GCs to search firms and other potential employers for further discussion with target candidates.
“This is a good opportunity to make sure that our candidates who are ready now would be on the slate for these executive recruiters,” said Tuckett.
|This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllWeil Continues Private Equity-Fueled Houston Energy Expansion With Pillsbury Hire
GCs and Corporate Lawyers See Headwinds, Adjustments Ahead for M&A in 2023
6 minute readThanks to the SEC, Law Firms See Increasing Business in ESG
Trending Stories
- 1Call for Nominations: Elite Trial Lawyers 2025
- 2Senate Judiciary Dems Release Report on Supreme Court Ethics
- 3Senate Confirms Last 2 of Biden's California Judicial Nominees
- 4Morrison & Foerster Doles Out Year-End and Special Bonuses, Raises Base Compensation for Associates
- 5Tom Girardi to Surrender to Federal Authorities on Jan. 7
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250