In this working group session, members will discuss best practices for depositing funds in black, minority and community financial institutions.
NeuGroup formed the Diversity and Inclusion (D&I) Working Group in 2020 as a result of requests from members and the multiple D&I discussions appearing in individual peer group meetings. These more informal working sessions provide an opportunity for interested members to share experiences on common topics, document best practices and welcome outside experts to speak on current trends – including companies that are not yet NeuGroup members. The D&I group will also coordinate with virtual interactive sessions on similar topics, and is expected to include discussions on using diverse firms for bond issuances and deposits, deepening diversity initiative throughout the supply chain, improving internal hiring and development plans to increase diversity, investing in impact funds and offering stronger diversity options in deferred compensation plans.
Working Groups sessions are meant for interested participants from across the NeuGroup network, and approved non-NeuGroup members. They are ad hoc cohorts that NeuGroup organizes when a critical “hot topic” has captured a wide range of members’ attention. Working Groups can meet just once, a handful of times, or become ongoing venues to discuss these cross-peer group issues. Recent examples include LIBOR transition, ESG, D&I, Treasury Management Systems and others. These groups often include both subject matter experts, as well as members just wishing to learn, with the possibility of splitting the groups for more detailed discussions.