[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:01.64,0:00:02.90,Default,,0000,0000,0000,,Fifteen years ago,
Dialogue: 0,0:00:02.92,0:00:07.76,Default,,0000,0000,0000,,I thought that the diversity stuff\Nwas not something I had to worry about.
Dialogue: 0,0:00:08.48,0:00:11.72,Default,,0000,0000,0000,,It was something an older\Ngeneration had to fight for.
Dialogue: 0,0:00:12.96,0:00:16.66,Default,,0000,0000,0000,,In my university,\Nwe were 50-50, male-female,
Dialogue: 0,0:00:16.68,0:00:19.46,Default,,0000,0000,0000,,and we women had often better grades.
Dialogue: 0,0:00:19.48,0:00:22.86,Default,,0000,0000,0000,,So while not everything was perfect,
Dialogue: 0,0:00:22.88,0:00:24.90,Default,,0000,0000,0000,,diversity and leadership decisions
Dialogue: 0,0:00:24.92,0:00:29.00,Default,,0000,0000,0000,,was something that would happen\Nnaturally over time, right?
Dialogue: 0,0:00:30.64,0:00:32.40,Default,,0000,0000,0000,,Well, not quite.
Dialogue: 0,0:00:33.16,0:00:36.06,Default,,0000,0000,0000,,While moving up the ladder\Nworking as a management consultant
Dialogue: 0,0:00:36.08,0:00:38.14,Default,,0000,0000,0000,,across Europe and the US,
Dialogue: 0,0:00:38.16,0:00:42.74,Default,,0000,0000,0000,,I started to realize how often\NI was the only woman in the room
Dialogue: 0,0:00:42.76,0:00:46.28,Default,,0000,0000,0000,,and how homogenous leadership still is.
Dialogue: 0,0:00:47.52,0:00:49.34,Default,,0000,0000,0000,,Many leaders I met
Dialogue: 0,0:00:49.36,0:00:54.18,Default,,0000,0000,0000,,saw diversity as something to comply with\Nout of political correctness,
Dialogue: 0,0:00:54.20,0:00:56.84,Default,,0000,0000,0000,,or, best case, the right thing to do,
Dialogue: 0,0:00:57.68,0:00:59.68,Default,,0000,0000,0000,,but not as a business priority.
Dialogue: 0,0:01:00.32,0:01:02.66,Default,,0000,0000,0000,,They just did not have a reason to believe
Dialogue: 0,0:01:02.68,0:01:07.66,Default,,0000,0000,0000,,that diversity would help them achieve\Ntheir most immediate, pressing goals:
Dialogue: 0,0:01:07.68,0:01:10.74,Default,,0000,0000,0000,,hitting the numbers,\Ndelivering the new product,
Dialogue: 0,0:01:10.76,0:01:13.04,Default,,0000,0000,0000,,the real goals they are measured by.
Dialogue: 0,0:01:14.44,0:01:17.86,Default,,0000,0000,0000,,My personal experience\Nworking with diverse teams
Dialogue: 0,0:01:17.88,0:01:21.98,Default,,0000,0000,0000,,had been that while they require\Na little bit more effort at the beginning,
Dialogue: 0,0:01:22.00,0:01:25.20,Default,,0000,0000,0000,,they did bring fresher,\Nmore creative ideas.
Dialogue: 0,0:01:25.88,0:01:28.02,Default,,0000,0000,0000,,So I wanted to know:
Dialogue: 0,0:01:28.04,0:01:31.86,Default,,0000,0000,0000,,are diverse organizations\Nreally more innovative
Dialogue: 0,0:01:31.88,0:01:35.72,Default,,0000,0000,0000,,and can diversity be more\Nthan something to comply with?
Dialogue: 0,0:01:36.32,0:01:38.68,Default,,0000,0000,0000,,Can it be a real competitive advantage?
Dialogue: 0,0:01:40.36,0:01:44.64,Default,,0000,0000,0000,,So to find out, we set up a study\Nwith the Technical University of Munich.
Dialogue: 0,0:01:45.40,0:01:50.58,Default,,0000,0000,0000,,We surveyed 171 companies\Nin Germany, Austria and Switzerland,
Dialogue: 0,0:01:50.60,0:01:53.54,Default,,0000,0000,0000,,and as we speak, we're expanding the study
Dialogue: 0,0:01:53.56,0:01:56.38,Default,,0000,0000,0000,,to 1,600 companies
Dialogue: 0,0:01:56.40,0:01:58.88,Default,,0000,0000,0000,,in five additional countries\Naround the world.
Dialogue: 0,0:01:59.76,0:02:02.66,Default,,0000,0000,0000,,We asked those companies\Nbasically two things:
Dialogue: 0,0:02:02.68,0:02:05.72,Default,,0000,0000,0000,,how innovative they are\Nand how diverse they are.
Dialogue: 0,0:02:06.84,0:02:08.34,Default,,0000,0000,0000,,To measure the first one,
Dialogue: 0,0:02:08.36,0:02:11.08,Default,,0000,0000,0000,,we asked them about innovation revenue.
Dialogue: 0,0:02:12.00,0:02:14.66,Default,,0000,0000,0000,,Innovation revenue is the share\Nof revenues they've made
Dialogue: 0,0:02:14.68,0:02:17.70,Default,,0000,0000,0000,,from new products and services\Nin the last three years,
Dialogue: 0,0:02:17.72,0:02:20.98,Default,,0000,0000,0000,,meaning we did not ask them\Nhow many creative ideas they have,
Dialogue: 0,0:02:21.00,0:02:24.82,Default,,0000,0000,0000,,but rather if these ideas\Ntranslate into products and services
Dialogue: 0,0:02:24.84,0:02:28.24,Default,,0000,0000,0000,,that really make the company\Nmore successful today and tomorrow.
Dialogue: 0,0:02:29.76,0:02:34.30,Default,,0000,0000,0000,,To measure diversity,\Nwe looked at six different factors:
Dialogue: 0,0:02:34.32,0:02:37.88,Default,,0000,0000,0000,,country of origin,\Nage and gender, amongst others.
Dialogue: 0,0:02:39.32,0:02:42.26,Default,,0000,0000,0000,,While preparing to go in the field\Nwith those questions,
Dialogue: 0,0:02:42.28,0:02:44.54,Default,,0000,0000,0000,,I sat down with my team
Dialogue: 0,0:02:44.56,0:02:47.84,Default,,0000,0000,0000,,and we discussed what\Nwe would expect as a result.
Dialogue: 0,0:02:49.64,0:02:51.76,Default,,0000,0000,0000,,To put it mildly, we were not optimistic.
Dialogue: 0,0:02:53.00,0:02:56.54,Default,,0000,0000,0000,,The most skeptical person on the team\Nthought, or saw a real possibility,
Dialogue: 0,0:02:56.56,0:02:58.96,Default,,0000,0000,0000,,that we would find nothing at all.
Dialogue: 0,0:03:00.36,0:03:02.66,Default,,0000,0000,0000,,Most of the team\Nwas rather on the cautious side,
Dialogue: 0,0:03:02.68,0:03:06.58,Default,,0000,0000,0000,,so we landed all together at "only if,"
Dialogue: 0,0:03:06.60,0:03:08.70,Default,,0000,0000,0000,,meaning that we might find\Nsome kind of link
Dialogue: 0,0:03:08.72,0:03:11.26,Default,,0000,0000,0000,,between innovation and diversity,
Dialogue: 0,0:03:11.28,0:03:12.94,Default,,0000,0000,0000,,but not across the board,
Dialogue: 0,0:03:12.96,0:03:15.86,Default,,0000,0000,0000,,rather only if certain criteria are met,
Dialogue: 0,0:03:15.88,0:03:19.94,Default,,0000,0000,0000,,for example leadership style,\Nvery open leadership style
Dialogue: 0,0:03:19.96,0:03:24.12,Default,,0000,0000,0000,,that allowed people to speak up freely\Nand safely and contribute.
Dialogue: 0,0:03:26.24,0:03:28.28,Default,,0000,0000,0000,,A couple of months later, the data came in
Dialogue: 0,0:03:29.52,0:03:33.84,Default,,0000,0000,0000,,and the results convinced\Nthe most skeptical amongst us.
Dialogue: 0,0:03:34.56,0:03:36.42,Default,,0000,0000,0000,,The answer was a clear yes,
Dialogue: 0,0:03:36.44,0:03:38.20,Default,,0000,0000,0000,,no ifs, no buts.
Dialogue: 0,0:03:38.84,0:03:40.98,Default,,0000,0000,0000,,The data in our sample showed
Dialogue: 0,0:03:41.00,0:03:45.48,Default,,0000,0000,0000,,that more diverse companies\Nare simply more innovative, period.
Dialogue: 0,0:03:47.12,0:03:52.14,Default,,0000,0000,0000,,Now, a fair question to ask\Nis the chicken or the egg question,
Dialogue: 0,0:03:52.16,0:03:55.58,Default,,0000,0000,0000,,meaning, are companies\Nreally more innovative
Dialogue: 0,0:03:55.60,0:03:58.26,Default,,0000,0000,0000,,because they have\Na more diverse leadership,
Dialogue: 0,0:03:58.28,0:03:59.54,Default,,0000,0000,0000,,or the other way around?
Dialogue: 0,0:03:59.56,0:04:00.76,Default,,0000,0000,0000,,Which way is it?
Dialogue: 0,0:04:01.28,0:04:05.04,Default,,0000,0000,0000,,Now, we do not know how much\Nis correlation versus causation,
Dialogue: 0,0:04:05.88,0:04:08.86,Default,,0000,0000,0000,,but what we do know is that clearly,
Dialogue: 0,0:04:08.88,0:04:12.06,Default,,0000,0000,0000,,in our sample, companies\Nthat are more diverse
Dialogue: 0,0:04:12.08,0:04:13.58,Default,,0000,0000,0000,,are more innovative,
Dialogue: 0,0:04:13.60,0:04:15.90,Default,,0000,0000,0000,,and that companies\Nthat are more innovative
Dialogue: 0,0:04:15.92,0:04:17.76,Default,,0000,0000,0000,,have a more diverse leadership too.
Dialogue: 0,0:04:18.28,0:04:21.02,Default,,0000,0000,0000,,So it's fair to assume\Nthat it works both ways,
Dialogue: 0,0:04:21.04,0:04:24.92,Default,,0000,0000,0000,,diversity driving innovation\Nand innovation driving diversity.
Dialogue: 0,0:04:27.36,0:04:30.14,Default,,0000,0000,0000,,Now, once we published the results,
Dialogue: 0,0:04:30.16,0:04:34.74,Default,,0000,0000,0000,,we were surprised\Nabout the reactions in the media.
Dialogue: 0,0:04:34.76,0:04:37.66,Default,,0000,0000,0000,,We got quite some attention
Dialogue: 0,0:04:37.68,0:04:40.18,Default,,0000,0000,0000,,and it went from quite factual,
Dialogue: 0,0:04:40.20,0:04:44.46,Default,,0000,0000,0000,,like "Higher Female Share\NBoosts Innovation"
Dialogue: 0,0:04:44.48,0:04:47.98,Default,,0000,0000,0000,,to a little bit more sensationalist.
Dialogue: 0,0:04:48.00,0:04:49.94,Default,,0000,0000,0000,,(Laughter)
Dialogue: 0,0:04:49.96,0:04:51.18,Default,,0000,0000,0000,,As you can see,
Dialogue: 0,0:04:51.20,0:04:54.30,Default,,0000,0000,0000,,"Stay-at-home Women Cost Trillions,"
Dialogue: 0,0:04:54.32,0:04:56.26,Default,,0000,0000,0000,,and, my personal favorite,
Dialogue: 0,0:04:56.28,0:04:58.66,Default,,0000,0000,0000,,"Housewives Kill Innovation."
Dialogue: 0,0:04:58.68,0:05:01.70,Default,,0000,0000,0000,,Well, there's no such thing\Nas bad publicity, right?
Dialogue: 0,0:05:01.72,0:05:04.06,Default,,0000,0000,0000,,(Laughter)
Dialogue: 0,0:05:04.08,0:05:06.06,Default,,0000,0000,0000,,On the back of that coverage,
Dialogue: 0,0:05:06.08,0:05:09.54,Default,,0000,0000,0000,,we started to get calls\Nfrom senior executives
Dialogue: 0,0:05:09.56,0:05:11.26,Default,,0000,0000,0000,,wanting to understand more,
Dialogue: 0,0:05:11.28,0:05:14.84,Default,,0000,0000,0000,,especially -- surprise, surprise --\Nabout gender diversity.
Dialogue: 0,0:05:15.68,0:05:19.78,Default,,0000,0000,0000,,I tend to open up\Nthose discussions by asking,
Dialogue: 0,0:05:19.80,0:05:23.94,Default,,0000,0000,0000,,"Well, what do you think of the situation\Nin your organization today?"
Dialogue: 0,0:05:23.96,0:05:26.52,Default,,0000,0000,0000,,And a frequent reaction to that is,
Dialogue: 0,0:05:27.48,0:05:30.52,Default,,0000,0000,0000,,"Well, we're not yet there,\Nbut we're not that bad."
Dialogue: 0,0:05:31.24,0:05:33.42,Default,,0000,0000,0000,,One executive told me, for example,
Dialogue: 0,0:05:33.44,0:05:34.98,Default,,0000,0000,0000,,"Oh, we're not that bad.
Dialogue: 0,0:05:35.00,0:05:37.74,Default,,0000,0000,0000,,We have one member\Nin our board who is a woman."
Dialogue: 0,0:05:37.76,0:05:39.10,Default,,0000,0000,0000,,(Laughter)
Dialogue: 0,0:05:39.12,0:05:40.34,Default,,0000,0000,0000,,And you laugh --
Dialogue: 0,0:05:40.36,0:05:43.32,Default,,0000,0000,0000,,(Applause)
Dialogue: 0,0:05:46.76,0:05:50.14,Default,,0000,0000,0000,,Now, you laugh, but he had a point\Nin being proud about it,
Dialogue: 0,0:05:50.16,0:05:51.50,Default,,0000,0000,0000,,because in Germany,
Dialogue: 0,0:05:51.52,0:05:54.50,Default,,0000,0000,0000,,if you have a company
Dialogue: 0,0:05:54.52,0:05:57.10,Default,,0000,0000,0000,,and it has one member\Non the board who is a woman,
Dialogue: 0,0:05:57.12,0:05:59.54,Default,,0000,0000,0000,,you are part of a select group of 30
Dialogue: 0,0:05:59.56,0:06:03.22,Default,,0000,0000,0000,,out of the 100 largest\Npublicly listed companies.
Dialogue: 0,0:06:03.24,0:06:08.46,Default,,0000,0000,0000,,The other 70 companies\Nhave an all-male board,
Dialogue: 0,0:06:08.48,0:06:12.30,Default,,0000,0000,0000,,and not even one of these hundred\Nlargest publicly listed companies
Dialogue: 0,0:06:12.32,0:06:16.00,Default,,0000,0000,0000,,have, as of today, a female CEO.
Dialogue: 0,0:06:17.08,0:06:19.32,Default,,0000,0000,0000,,But here's the critically\Nimportant insight.
Dialogue: 0,0:06:20.24,0:06:24.22,Default,,0000,0000,0000,,Those few female board members alone,
Dialogue: 0,0:06:24.24,0:06:26.14,Default,,0000,0000,0000,,they won't make a difference.
Dialogue: 0,0:06:26.16,0:06:30.28,Default,,0000,0000,0000,,Our data shows that for gender diversity\Nto have an impact on innovation,
Dialogue: 0,0:06:31.20,0:06:34.92,Default,,0000,0000,0000,,you need to have more\Nthan 20 percent women in leadership.
Dialogue: 0,0:06:35.48,0:06:37.08,Default,,0000,0000,0000,,Let's have a look at the numbers.
Dialogue: 0,0:06:38.60,0:06:42.30,Default,,0000,0000,0000,,As you can see, we divided\Nthe sample into three groups
Dialogue: 0,0:06:42.32,0:06:45.22,Default,,0000,0000,0000,,and the results are quite dramatic.
Dialogue: 0,0:06:45.24,0:06:49.94,Default,,0000,0000,0000,,Only in the group where you have\Nmore than 20 percent women in leadership,
Dialogue: 0,0:06:49.96,0:06:53.84,Default,,0000,0000,0000,,only then you see a clear jump\Nin innovation revenue
Dialogue: 0,0:06:54.84,0:06:56.82,Default,,0000,0000,0000,,to above-average levels.
Dialogue: 0,0:06:56.84,0:07:01.50,Default,,0000,0000,0000,,So experience and data\Nshows that you do need critical mass
Dialogue: 0,0:07:01.52,0:07:03.02,Default,,0000,0000,0000,,to move the needle,
Dialogue: 0,0:07:03.04,0:07:06.38,Default,,0000,0000,0000,,and companies like Alibaba,\NJP Morgan, or Apple
Dialogue: 0,0:07:06.40,0:07:09.76,Default,,0000,0000,0000,,have as of today\Nalready achieved that threshold.
Dialogue: 0,0:07:12.48,0:07:14.88,Default,,0000,0000,0000,,Another reaction I got quite a lot was,
Dialogue: 0,0:07:16.52,0:07:19.40,Default,,0000,0000,0000,,"Well, it will get solved over time."
Dialogue: 0,0:07:20.20,0:07:23.46,Default,,0000,0000,0000,,And I have all the sympathy in the world\Nfor that point of view,
Dialogue: 0,0:07:23.48,0:07:25.40,Default,,0000,0000,0000,,because I used to think like that too.
Dialogue: 0,0:07:26.60,0:07:29.90,Default,,0000,0000,0000,,Now, let's have a look here again\Nand look at the numbers,
Dialogue: 0,0:07:29.92,0:07:32.06,Default,,0000,0000,0000,,taking Germany as an example.
Dialogue: 0,0:07:32.08,0:07:34.30,Default,,0000,0000,0000,,Let me first give you the good news.
Dialogue: 0,0:07:34.32,0:07:37.14,Default,,0000,0000,0000,,So the share of women\Nwho are college graduates
Dialogue: 0,0:07:37.16,0:07:40.58,Default,,0000,0000,0000,,and have at least 10 years\Nof professional experience
Dialogue: 0,0:07:40.60,0:07:43.90,Default,,0000,0000,0000,,has grown nicely over the last 20 years,
Dialogue: 0,0:07:43.92,0:07:47.70,Default,,0000,0000,0000,,which means the pool\Nin which to fish for female leaders
Dialogue: 0,0:07:47.72,0:07:49.86,Default,,0000,0000,0000,,has increased over time,
Dialogue: 0,0:07:49.88,0:07:51.58,Default,,0000,0000,0000,,and that's great.
Dialogue: 0,0:07:51.60,0:07:53.44,Default,,0000,0000,0000,,Now, according to my old theory,
Dialogue: 0,0:07:54.88,0:07:56.46,Default,,0000,0000,0000,,the share of women in leadership
Dialogue: 0,0:07:56.48,0:07:58.80,Default,,0000,0000,0000,,would have grown\Nmore or less in parallel, right?
Dialogue: 0,0:07:59.84,0:08:02.72,Default,,0000,0000,0000,,Now, let's have a look\Nat what happened in reality.
Dialogue: 0,0:08:03.48,0:08:05.04,Default,,0000,0000,0000,,It's not even close,
Dialogue: 0,0:08:07.36,0:08:10.58,Default,,0000,0000,0000,,which means I was so wrong
Dialogue: 0,0:08:10.60,0:08:13.38,Default,,0000,0000,0000,,and which means that my generation,
Dialogue: 0,0:08:13.40,0:08:14.60,Default,,0000,0000,0000,,your generation,
Dialogue: 0,0:08:15.68,0:08:19.20,Default,,0000,0000,0000,,the best-educated\Nfemale generation in history,
Dialogue: 0,0:08:20.52,0:08:21.94,Default,,0000,0000,0000,,we have just not made it.
Dialogue: 0,0:08:21.96,0:08:26.46,Default,,0000,0000,0000,,We have failed to achieve leadership\Nin significant numbers.
Dialogue: 0,0:08:26.48,0:08:29.40,Default,,0000,0000,0000,,Education just did not\Ntranslate into leadership.
Dialogue: 0,0:08:30.72,0:08:33.82,Default,,0000,0000,0000,,Now, that was a painful realization for me
Dialogue: 0,0:08:33.84,0:08:35.98,Default,,0000,0000,0000,,and made me realize,
Dialogue: 0,0:08:36.00,0:08:38.30,Default,,0000,0000,0000,,if we want to change this,
Dialogue: 0,0:08:38.32,0:08:40.68,Default,,0000,0000,0000,,we need to engage\Nand we need to do better.
Dialogue: 0,0:08:42.20,0:08:44.56,Default,,0000,0000,0000,,Now, what to do?
Dialogue: 0,0:08:45.32,0:08:48.86,Default,,0000,0000,0000,,Achieving more than 20 percent\Nwomen in leadership
Dialogue: 0,0:08:48.88,0:08:51.26,Default,,0000,0000,0000,,seems like a daunting task to many,
Dialogue: 0,0:08:51.28,0:08:53.76,Default,,0000,0000,0000,,understandably, given the track record.
Dialogue: 0,0:08:55.08,0:08:56.30,Default,,0000,0000,0000,,But it's doable
Dialogue: 0,0:08:56.32,0:08:59.58,Default,,0000,0000,0000,,and there are many companies today\Nthat are making progress there
Dialogue: 0,0:08:59.60,0:09:01.22,Default,,0000,0000,0000,,and doing it successfully.
Dialogue: 0,0:09:01.24,0:09:04.70,Default,,0000,0000,0000,,Let's take SAP, the software\Ncompany, as an example.
Dialogue: 0,0:09:04.72,0:09:09.38,Default,,0000,0000,0000,,They had, in 2011,\N19 percent women in leadership,
Dialogue: 0,0:09:09.40,0:09:11.26,Default,,0000,0000,0000,,yet they decided to do better
Dialogue: 0,0:09:11.28,0:09:14.46,Default,,0000,0000,0000,,and they did what you do\Nin any other area of business
Dialogue: 0,0:09:14.48,0:09:16.02,Default,,0000,0000,0000,,where you want to improve.
Dialogue: 0,0:09:16.04,0:09:18.52,Default,,0000,0000,0000,,They set themselves a measurable target.
Dialogue: 0,0:09:19.44,0:09:24.34,Default,,0000,0000,0000,,So they set themselves a target\Nof 25 percent for 2017,
Dialogue: 0,0:09:24.36,0:09:25.96,Default,,0000,0000,0000,,which they just have achieved.
Dialogue: 0,0:09:27.12,0:09:30.54,Default,,0000,0000,0000,,The goals made them think more creatively\Nabout developing leaders
Dialogue: 0,0:09:30.56,0:09:33.02,Default,,0000,0000,0000,,and tapping new recruiting pools.
Dialogue: 0,0:09:33.04,0:09:37.40,Default,,0000,0000,0000,,They now even set a target of 30 percent\Nwomen in leadership for 2022.
Dialogue: 0,0:09:38.48,0:09:40.94,Default,,0000,0000,0000,,So experience shows it's doable,
Dialogue: 0,0:09:40.96,0:09:42.94,Default,,0000,0000,0000,,and at the end of the day,
Dialogue: 0,0:09:42.96,0:09:47.10,Default,,0000,0000,0000,,it all boils down to two decisions\Nthat are taken every day
Dialogue: 0,0:09:47.12,0:09:49.88,Default,,0000,0000,0000,,in every organization by many of us:
Dialogue: 0,0:09:51.64,0:09:55.04,Default,,0000,0000,0000,,who to hire and who\Nto develop and promote?
Dialogue: 0,0:09:56.00,0:09:58.58,Default,,0000,0000,0000,,Now, nothing against women's programs,
Dialogue: 0,0:09:58.60,0:10:00.94,Default,,0000,0000,0000,,networks, mentoring, trainings.
Dialogue: 0,0:10:00.96,0:10:02.16,Default,,0000,0000,0000,,All is good.
Dialogue: 0,0:10:03.32,0:10:05.26,Default,,0000,0000,0000,,But it is these two decisions
Dialogue: 0,0:10:05.28,0:10:09.30,Default,,0000,0000,0000,,that at the end of the day\Nsend the most powerful chain signal
Dialogue: 0,0:10:09.32,0:10:10.84,Default,,0000,0000,0000,,in any organization.
Dialogue: 0,0:10:13.04,0:10:16.10,Default,,0000,0000,0000,,Now, I never set out\Nto be a diversity advocate.
Dialogue: 0,0:10:16.12,0:10:17.84,Default,,0000,0000,0000,,I am a business advisor.
Dialogue: 0,0:10:18.72,0:10:23.70,Default,,0000,0000,0000,,But now my goal is\Nto change the face of leadership,
Dialogue: 0,0:10:23.72,0:10:25.16,Default,,0000,0000,0000,,to make it more diverse,
Dialogue: 0,0:10:26.08,0:10:28.58,Default,,0000,0000,0000,,and not so that leaders can check a box
Dialogue: 0,0:10:28.60,0:10:31.58,Default,,0000,0000,0000,,and feel like they have\Ncomplied with something
Dialogue: 0,0:10:31.60,0:10:34.14,Default,,0000,0000,0000,,or they have been politically correct,
Dialogue: 0,0:10:34.16,0:10:35.86,Default,,0000,0000,0000,,but because they understand,
Dialogue: 0,0:10:35.88,0:10:39.38,Default,,0000,0000,0000,,they understand that diversity\Nis making their organization
Dialogue: 0,0:10:39.40,0:10:40.80,Default,,0000,0000,0000,,more innovative, better.
Dialogue: 0,0:10:41.68,0:10:45.54,Default,,0000,0000,0000,,And by embracing diversity,\Nby embracing diverse talent,
Dialogue: 0,0:10:45.56,0:10:47.88,Default,,0000,0000,0000,,we are providing\Ntrue opportunity for everyone.
Dialogue: 0,0:10:48.52,0:10:50.18,Default,,0000,0000,0000,,Thank you. Thank you so much.
Dialogue: 0,0:10:50.20,0:10:52.84,Default,,0000,0000,0000,,(Applause)