Coca-Cola® Demands Action On Law Firm Diversity - Constitutional End Run?
As part of The Great Reset, Coca-Cola has sent out to all outside legal firms that represent their interest. In short, billable hours charged to them, must be diverse.
Bradley Gayton, senior vice president and general counsel for Coca- Cola, former vice president, chief administrative officer and general counsel for Ford Motor Company, writes,
"The hard truth is that our profession is not treating the issue of diversity and inclusion as a business imperative. We are too quick to celebrate stagnant progress and reward intention. We have a crisis on our hands and we need to commit ourselves to specific actions that will accelerate the diversity of the legal profession."
He adds,
"Quite simply, we are no longer interested in discussing motivations, programs or excuses for little to no progress – it’s results that we are demanding and will measure going forward."
Below, are the requirements that will be expected from outside legal firms,
> That they will give Coca-Cola self-identified diversity data (including American Indian or Alaska Native, Asian, black, women, Hispanic/Latinx, LGBTQ+, Native Hawaiian or other Pacific Islander and people with disabilities) for the company’s quarterly analysis of the diversity of teams working on its legal matters
> On each new Coca-Cola matter, at least 30 percent of each of billed associate and partner time will be from diverse attorneys, and of such amounts at least half will be from black attorneys. The company notes that these percentages are roughly linked to US census population data and will be adjusted over time as US census data evolves, with the aim of at least 50 percent of billed associate time and billed partner time being from diverse attorneys with at least half of that amount from black attorneys
> The responsible Coca-Cola attorney for each new legal matter will review performance against the relevant law firm’s commitment for new matters each quarter. Where there is a failure to meet the commitment, the law firm will be required to provide a plan to meet that target, and failure to meet it over two quarterly reviews will result in a 30 percent reduction in fees payable for the matter until the commitment is met. Continued failure may lead to the firm no longer being considered for Coca-Cola work
> The company encourages law firms that cannot meet these diversity commitments internally to work with other firms to do so
> Law firms’ managing partners ‘will publish a personal commitment to diversity, inclusion and belonging and related action plans setting forth measurable goals’
> Law firms will provide transparency as to how credit is apportioned on Coca-Cola matters or how work on Coca-Cola matters is factored into an attorney’s performance evaluation and compensation
> Law firms will identify two or more diverse attorneys, at least half of whom are black, as candidates for succeeding to the relationship partner role with Coca-Cola. The company’s aim is to have at least 30 percent diverse relationship partners at its most-used firms, with at least half of those partners being black.
A good read on corporate diversity can be found over at
Corporate Secretary.
I post this development to point out what is coming. Thank you Word Economic Forum (WEF) via The Great Reset (TGR). When will other large corporation join with Coca-Cola? Microsoft, Frito-Lay, Verizon, Wells Fargo, or Bank of America? This is how the
WEF will execute
TGR.
Ask yourself, how does this affect me? Simple, just looking at Coca-Cola these regulations affect all aspects of Coca-Cola. Bottling, trucking, raw ingredients, local vendors, et cetera. The list goes on and on.
List of
Coca-Cola brands.
