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This document outlines the requirements for entities to provide diversity data as specified by Maryland regulations. It includes instructions for determining the necessity of completing the Corporate Diversity Addendum, details on eligible entities, and guidelines for submitting Affidavits. The addendum emphasizes the importance of diversity, equity, and inclusion indicators for entities seeking State benefits.
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How to fill out corporate diversity addendum

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How to fill out corporate diversity addendum

01
Title the document as 'Corporate Diversity Addendum'.
02
Begin with a brief introduction explaining the purpose of the addendum.
03
Provide a section for the company's mission statement regarding diversity.
04
List the specific diversity goals the company aims to achieve.
05
Include metrics for measuring diversity progress.
06
Detail the strategies and initiatives that will be implemented to promote diversity.
07
Outline accountability measures, including who is responsible for each strategy.
08
Provide a timeline for implementing the initiatives.
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Conclude with a summary emphasizing the company's commitment to diversity.

Who needs corporate diversity addendum?

01
Corporations looking to enhance their diversity and inclusion efforts.
02
Organizations required to comply with regulatory standards related to diversity.
03
Companies seeking to attract diverse talent and improve workplace culture.
04
Stakeholders interested in the company's diversity policies and initiatives.
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A corporate diversity addendum is a document that organizations use to report on their diversity practices, policies, and demographic composition, often as part of a larger corporate responsibility or regulatory requirement.
Typically, corporations that meet certain size criteria or those that engage in government contracts are required to file a corporate diversity addendum.
To fill out a corporate diversity addendum, one must gather relevant demographic data about the workforce, complete the required sections of the form regarding diversity initiatives, and ensure compliance with any specific guidelines provided by the regulatory body.
The purpose of a corporate diversity addendum is to promote transparency regarding diversity efforts within organizations and to encourage equitable practices in hiring and resource allocation.
Information typically reported includes workforce demographics, diversity hiring practices, descriptions of diversity programs, and progress towards diversity objectives.
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