TaxNotes: Set the Tone: Tax Leadership’s Role In Supporting Diversity and Inclusion

December 4, 2023

Here's a summary of key insights on tax leadership's role in supporting diversity and inclusion from the interview with Sonia Hollies, Paul Yong, and Domingo Garcia:

  • Challenges of Self-Segregation: Despite diversity initiatives, there's a tendency for people to gravitate towards those similar to themselves.
  • Evolution of Affinity Groups: While once crucial for underrepresented groups, their importance should diminish as equity grows.
  • Creating Connections: Understanding different cultures and values is essential for embracing diversity effectively.
  • Intentional Leadership: Leaders must actively foster inclusion through team-building activities, mixed project groups, and deliberate social interactions.
  • Mentorship: Pairing younger professionals with mentors is crucial, especially in virtual work environments.
  • One-on-One Engagement: Regular individual meetings between leaders and team members can foster understanding and address concerns.
  • Building Trust: Creating environments that break down barriers and allow team members to know each other personally is key to fostering trust and collaboration.
  • Beyond Numbers: True diversity goes beyond meeting quotas and requires creating an inclusive culture.
  • Broader Impact: Effective diversity and inclusion practices in tax departments can contribute to a more equitable society.

The article emphasizes that tax leaders play a pivotal role in championing diversity and inclusion, going beyond simply assembling diverse teams to actively fostering an environment of understanding, trust, and collaboration.

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