Diversity, Financial Crises & Conformity

(mis)Conduct, Money & Reputation

Building a business with a diversified employee base is no longer a nice to have, its necessary, both in terms of talent retention but client retention as well. The regulator is also insisting that financial services firms put in place evidence-based diversity and inclusion strategies that take into account the individual firm's progress on these efforts.

The reputational hazards are many. Reputation is mostly driven by behaviour and if you claim to building a diverse team when you aren’t, the regulatory and reputational fall out are clear. And in a world where the war for talent is raging harder than ever, firms that that fail to develop progressive employment strategies are likely to fall behind.

Furthermore, the evidence is stark. Diverse teams outperform.

In this episode, Neil Robson, partner with law firm Katten, and David Masters of reputation specialists Lansons/Team Farner delve into the increasingly knotty area of DEI, from the perils of over claiming and under delivering, to the increasing scrutiny around non-financial misconduct.

Disclaimer: The content in this podcast is for informational purposes only. It does not constitute legal advice and is not intended to establish an attorney-client relationship, nor is it intended to suggest standards of care applicable to attorneys in any given situation. This podcast is considered attorney advertising. Prior results do not guarantee a similar outcome. Any views, opinions or comments made by external guest speakers - are not to be attributed to Katten Muchin Rosenman LLP and/or Katten Muchin Rosenman UK LLP or their individual attorneys/lawyers. All rights reserved.

Recorded and produced at the Lansons Studios

Capitole

1. Financial Diversity Challenges (00:00:00)

2. Diversity and Inclusion Challenges and Initiatives (00:13:13)

3. Importance of Diversity in Asset Management (00:23:55)