In Boardroom, Blackstone CEO Schwarzman Surrounds Himself With Men – TheStreet

What interested us most in this article about the poor record of private equity firms on board diversity was this detail about Carlyle’s focus on the board diversity of its holdings as well as its own board.

Carlyle, another big private-equity firm based in Washington, hired Kara Helander last month as chief diversity officer to focus on “increasing board diversity at our portfolio companies.” Yet her remit does not explicitly extend to Carlyle’s own board, where the two female directors — former Goldman Sachs investment banker Lawton Fitt and retired corporate consultant Janet Hill — are outnumbered by men in the boardroom at a ratio of five-to-one. “We are proud of our efforts to advance diversity and inclusion yet realize there is more work to be done,” a Carlyle spokeswoman said in an e-mailed statement. “We are particularly proud of the diverse representation of our independent board members.”

Source: In Boardroom, Blackstone CEO Schwarzman Surrounds Himself With Men – TheStreet

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