The Board Diversity Action Alliance Announces Two New Signatories, Four Additional Supporting Partners Feb 18, 2021

Brighthouse Financial, Edgewell Personal Care Join as Signatories

Apollo Global Management, The Carlyle Group, Warburg Pincus, Wachtell, Lipton, Rosen & Katz (WLRK) Announced as Supporting Partners

18 February 2021 – The Board Diversity Action Alliance (BDAA) today announced two new corporate signatories that have committed to increasing racially and ethnically diverse representation at the board level and to supporting efforts to advance diversity and inclusion in the workplace.

Brighthouse Financial, one of the largest providers of annuities and life insurance in the U.S., and Edgewell Personal Care, a leading consumer products company, join the growing list of Fortune 500 companies committed to transforming and diversifying the corporate landscape by taking concrete steps to effect positive and meaningful change within their organizations. Existing signatories include Albertsons Companies, Centene, Dow, Macy’s, Mastercard, Mondelēz International, Nordstrom, PepsiCo, PNC, Starbucks, Uber, Under Armour, UPS, WW and Zoetis.

The BDAA also added three alternative asset managers as supporting partners that will aid it in its efforts to promote diversity, equity and inclusion at the corporate board level and strengthen talent pipelines. These organizations are key engines of U.S. economic and entrepreneurial growth that facilitate job creation and impact critical sectors of the economy.

  • Apollo Global Management, one of the world’s largest alternative investment managers, exceeded 30% diverse board representation on its funds’ controlled investments in 2020 and is committed to increasing diversity across management teams and employee populations,
  • The Carlyle Group, a globally recognized investment firm with a commitment to ensuring 30% of all directors on the boards of its majority-owned portfolio companies are diverse,
  • Warburg Pincus, a leading growth equity firm with a long-standing commitment to social responsibility, will each support the BDAA in its effort to drive greater racial and ethnic board diversity in PE and VC-backed companies.

Additionally, law firm Wachtell, Lipton, Rosen & Katz (WLRK) is committed to supporting the BDAA’s efforts to build a robust pipeline of diverse director talent through education and development opportunities related to the fundamental legal issues, duties and responsibilities associated with board service.

These firms join TPG, Vista Equity Partners, Wall Street Friends, Lion Tree, Impact X Capital Partners, and Sigma Pi Phi in committing to purposeful actions and focused efforts to help accelerate racial and ethnic diversity in the industry.

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About the Board Diversity Action Alliance

Founded in September 2020, The Board Diversity Action Alliance (BDAA) is taking action to increase the representation of racially and ethnically diverse directors on corporate boards. Led by Ursula Burns, Gabrielle Sulzberger, Teneo, The Executive Leadership Council and the Ford Foundation, the Board Diversity Action Alliance is leading the focused and aligned effort to increase awareness, expand influence and drive board-level commitments to support a concerted enterprise transformation approach to diversity.

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