For the eighth year, Black Enterprise (BE) magazine has named MGM Resorts International one of the "40 Best Companies for Diversity" in the U.S. for its diversity and inclusion practices. MGM Resorts is the only company in the gaming industry, and the only company in Nevada, to be named to the magazine's list this year.
The 40 companies featured in the publication's December/January issue and on www.blackenterprise.com demonstrated a commitment to diversity in one or more of four key areas, including: Board of Directors mix, employee diversity, senior management mix and supplier diversity.
MGM Resorts was honored this year for creating a corporate culture that values and promotes inclusion within and outside of the company.
"We strive to weave diversity and inclusion into the fabric of our culture and our business operations at MGM Resorts," said Phyllis James, Executive Vice President, Special Counsel-Litigation and Chief Diversity Officer. "Across the board, from top management on down, we embrace diversity and inclusion; it is a philosophy that is reflected in our everyday workplace."
BE sent surveys to the nation's top 1,000 publicly traded companies as well as to the 100 leading global companies with strong U.S. operations. The questionnaire focused on activities related to the participation of African Americans and members of other ethnic minority groups as defined by the U.S. Census Bureau. A heavier weighting was applied to the senior management and supplier diversity areas. The final scores, along with the results of reporting and research conducted by the editorial staff, were used to determine the "40 Best Companies for Diversity." Among the other well-known companies named to the "40 Best" list this year are Aflac Inc., American Express Co., The Coca Cola Company and Allstate Corporation.
In 2000, MGM Resorts International became the gaming industry's first company to implement a diversity initiative. Since its adoption, MGM Resorts has spent more than $3 billion on goods and services provided by minority, women and disadvantaged business enterprises (MWDBE), suppliers and contractors.