New research by Imperial College Business School has revealed that businesses are more likely to sacrifice racial diversity on their boards when underperforming or during times of greater productivity. The findings, published in the Organization Science journal, investigate how negative performance feedback impacts board diversity. According to the study, board members tend to perceive others with ‘similar ascriptive backgrounds’ as more trustworthy, which is why they are less inclined to welcome members with diverse backgrounds. The study analyses the boards of over 700 US-listed manufacturing firms, which helped them understand
A recent study conducted by LendingTree revealed that North Carolina is the best state to start a business in, but California is considered the worst. It’s important for founders – particularly those of color – to pick the right place to start their business as it can potentially make or break their startup. The Lending Tree study scored the 100 largest US metro areas by population based on factors like the proportion of residents who hold a bachelor’s degree, state corporate tax rates, and local housing costs. Of course –
A study assessing the working conditions of Black workers during the pandemic has found that they preferred remote working compared to the office as they felt more valued and supported. Although working from home has its challenges from endless Zoom calls and juggling child care duties – for many Black workers in white-dominated jobs, getting out of the office has resulted in a vast improvement in their employee experience. According to a survey by the Future Forum, a research consortium created by software maker Slack Technologies. The survey of more than
Mikayla Harris, a senior from Morgan State University, a school that breeds excellence in science, technology, engineering, and mathematics, was awarded $15,000 from the Astronaut Scholarship Foundation for 2021. Harris is Morgan State University’s second consecutive scholar to win the highly competitive Astronaut Scholarship. In a nationwide selection, 60 top junior and senior STEM students across 44 universities were awarded the scholarship, which aids students with mentors, professional and personal development, and networking with astronauts, C-suite level executives, and industry leaders to help advance their careers. Harris said she applied to represent
