Principle 3: Participation
Strive for participation of all voices and actors, supported by thorough and locally-relevant investment and organisational processes.
Actions: Investment Process
Ensure representative investment decision-making bodies and processes
Explore participatory and more representative investment decision making. This might include venture associates, relevant community stakeholders, previously funded founders, as ways to enable balanced investment decisions.
Spotlight
Equality Fund
Investment Advisory Council and Approach
Collaborative for Frontier Finance
A multi-stakeholder initiative that works with local capital providers to increase access to capital for small and growing businesses (SGBs) in emerging markets.
Explore non-traditional ways of assessing track records
Existing financial industry due diligence standards continue to limit the flow of funds towards diverse and underrepresented fund managers. In order to upend this focus on minimum track record or other burdensome criteria, allocators could consider alternative track record measurement and frameworks that take a broader look at skills and experience.
Resource
Various
Due Diligence 2.0 Commitment
Actions: Organisation
Appoint representative decision-making bodies
Create a JEDI organisational committee or equivalent that mirrors the organisation’s diversity (seniority, age, experience, sexual orientation etc) and overall JEDI strategy.
Resource
Deloitte
The inclusion imperative for boards
Spotlight
Diversity Inc
EY’s Global Diversity and Inclusion Committee is Structured to Effectively Tackle Global D&I Challenges