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Diverse firms outperform S&P 500 for 2nd straight year

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in HR Management,Human Resources

The stock of organizations whose business practices, leadership and employee population reflect the diversity of their communities tend to outperform the S&P 500, according to DiversityInc.com.

The organization drew the conclusion after comparing the performance of companies that made its 2013 and the 2012 Top 50 lists with the S&P 500 on a one-, three- and five-year basis.

Topping the 2013 list of organizations with the most impressive diversity programs and philosophy is Sodexo, followed by PwC, Kaiser Permanente, Ernst & Young, ­MasterCard Worldwide, Novartis Pharmaceuticals, Procter & Gamble, Prudential Financial, Accenture and Johnson & Johnson.

As a group, the top 50 companies have:

  • 76% more minorities and 54% more women on their boards of directors than the Fortune 500
  • 43% more women and 16.6% more minority CEOs or executives who report directly to the CEO
  • 51% more employees in minority resource groups than they did five years ago
  • Donated 53% more to multicultural charities than five years ago.

Contact: Carolynn Johnson of  DiversityInc.com, (609) 578-8765.

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