Charter Communications has signed a memorandum of understanding (MoU) with leaders of leading national civic organizations serving communities of color.
The MoU will take effect upon the closing of Charter’s pending merger with Time Warner Cable and acquisition of Bright House Networks. New Charter is committed to continuing the diversity and inclusion practices developed by the three companies.
It will build upon existing diversity efforts in the specific areas of corporate governance, employment and workforce recruitment, procurement, programming, and philanthropy and community investment. In a press statement, Tom Rutledge who is the president and chief executive officer of Charter expressed relief at signing the MoU.
“We are very pleased to have reached this important memorandum of understanding, which reflects our commitment to the fundamental values of diversity and inclusion. Charter strives to reflect the great diversity of the communities we serve in all our business practices as a key component of our continued success.” The statement revealed that the MoU will identify specific diversity initiatives and establish a plan of action to guide the collaborative efforts of New Charter and a wide array of diverse civic and leadership organizations.
As part of the MOU, Charter has committed to a number of concrete actions, including appointing one African American, one Asian American/Pacific Islander and one Latino American to its newly formed board of directors within two years of the close of the transaction. New Charter will also appoint a Chief Diversity Officer who will lead the company’s diversity and inclusion efforts. The MOU also includes a number of specific steps New Charter will take to increase diversity among its workforce, improve diversity in the procurement of goods and services, expand programming targeting diverse audiences, and enhance its involvement and investment in organizations serving communities of color.
Twelve multicultural leadership organizations have agreed to sign the MoU.