<2>Colgate-Palmolive’s Commitment to Diversity, Equity, and Inclusion in Board Selection
<3>Background and Context
Colgate-Palmolive has been at the forefront of promoting diversity, equity, and inclusion (DEI) in the corporate world. The company’s commitment to fostering a diverse and inclusive work environment has been a key factor in its success. Recently, a letter from Colgate-Palmolive’s leadership has revealed the company’s plans to defend its DEI criteria for board selection.
<3>Industry Standards and Best Practices
The importance of DEI in the corporate world cannot be overstated. Research has shown that companies with diverse boards and workforces tend to perform better financially and have a stronger reputation. In fact, a study by McKinsey found that companies with diverse boards are more likely to outperform their less diverse peers.
<3>Colgate-Palmolive’s DEI Criteria for Board Selection
Colgate-Palmolive’s DEI criteria for board selection are designed to promote a diverse and inclusive board composition. The company has stated that it will consider a range of factors, including:
* < href='https://bloomberg.com' target='_blank'>Diversity of background and experience