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DEI Toolkit

Mastering High Performing DEI Councils

An Implementation Guide

Types of DEI Councils

Successful Diversity, Equity, and Inclusion (DEI) councils are essential for driving both employee retention and business growth. By providing platforms to assess the effectiveness of DEI initiatives, these councils engage employees at various levels, fostering a sense of belonging and ownership in meaningful culture change. This engagement not only strengthens organizational reform but also reinforces the company’s commitment to DEI, which is proven to enhance employee loyalty, attract diverse talent, and ultimately lead to stronger business outcomes.

Type 1: Executive DEI Councils

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Type 2: Advisory Councils

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Type 3: Employee-Driven Councils

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Terms To Know

Advisory Board

Unlike the members of a board of directors, an advisory board’s members have no fiduciary responsibility to the company or its stakeholders and serve in more of a mentorship capacity.

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Council Charter

A council charter outlines the diversity council’s vision, mission, objectives, leadership assignments, membership criteria and responsibilities, and operational procedures.

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Diversity Councils

A diversity council serves as an advisory board to an organization and is made up of employees and/or external experts who “lead, advocate for, coordinate, inform, and/or monitor the Strategic Diversity Management process.”

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Employee Resource Groups

ERGs are voluntary, employee-led groups that can have a few members or a few thousand. Diversity councils and employee resource groups often collaborate when the group’s leadership works as a council to oversee ground-level network activities.

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Executive Diversity Councils

Membership for this type of diversity council consists of leaders representing all business functions within the enterprise and is usually led by the chair or CEO and chief diversity officer. This team is responsible for developing a company’s overall integrated diversity strategy.

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Implicit Bias

The unconscious attitudes or stereotypes that affect a person’s understanding, actions, or decisions as they relate to people from different groups.

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Local Diversity Councils

Local councils focus specifically on locally or regionally implemented programs and participate as sub-teams to ensure visibility in program implementation. They are usually led by a general manager who reports to the executive diversity council.

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Importance of DEI Councils

Derek Penn, a board-level advisor and published author, discusses the importance of DEI in the workplace as a key driver for fostering meaningful change and innovation. He shares his insights on how DEI can enhance decision-making and create a more inclusive environment in the global financial services industry.

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