Achievement recognizes Voya’s commitment to diversity of leadership in its legal department and outside consulting firms
Voya Financial, Inc. (NYSE: VOYA) announced today that it has achieved Mansfield Rule: Legal Department Edition (MRLD) 2.0 certification. The certification is a recognition of Voya’s focused and ongoing efforts to expand the range of diverse attorneys considered for in-house leadership roles or outside counsel representation.
“Voya’s longstanding commitment to welcoming diverse perspectives at every level of our organization is grounded in the belief that inclusion leads to better outcomes for our customers, employees and communities,” said My Chi To, Chief Legal Officer, Voya Financial. “We will continue to work to improve our diversity, equity and inclusion efforts through recruiting, training and mentoring, and we will look to our external counsel firms to do the same.”
The Mansfield Rule aims to increase and maintain diversity in leadership within law departments by at least 50% historically underrepresented lawyers – women lawyers, LGBTQ+ lawyers, lawyers with disabilities and/or racially and/or ethnically underrepresented lawyers – for senior and top attorney positions to consider openings, discretionary high-visibility opportunities, and with outside board representation. Legal departments should also create and publish job descriptions and promotion criteria for leadership roles.
“As a purpose-driven company, our diversity, equity and inclusion (DEI) efforts span all levels and areas of our company, strengthening our culture and employee well-being, which is ultimately reflected in how we serve our customers and our communities, ” says Angela Harrell, chief diversity and corporate impact officer. “The principles of the Mansfield Rule and our legal department’s intentional focus on the diversity of its leadership and outside counsel reinforce our commitment to integrating DEI into our enterprise.”
The MRLD is a rigorous, two-year certification program aimed at boosting and sustaining diversity in legal department leadership.1 To achieve MRLD 2.0 certification, Voya’s legal department partnered with Diversity Lab over a 24-month certification period with built-in measurement, transparency and accountability mechanisms. Legal departments must also share lessons learned through monthly knowledge sharing forums, to ensure that all departments work as a community to move the needle on DEI in the legal profession, and they must meet milestones on check-in, data collection and reporting .
“We are incredibly proud to have worked with these Mansfield 2.0-certified legal departments for the past two years,” said Valerie Portillo, Director of Legal, Diversity Lab. “Achieving certification is hard work, and we’re thrilled to shine a spotlight on this community of legal departments and dedicated internal leaders as an example of what collective action can achieve.”
Learn more about the Mansfield Rule and see the full list of MRLD 2.0-certified law departments in this open letter from the 2020-2022 Mansfield Law Department Leaders.
About Voya Financial®
Voya Financial, Inc. (NYSE: VOYA) is a leading health, wealth and investment company that provides products, solutions and technologies that enable a better financial future for its customers, clients and society. Serving the needs of 14.3 million individual, workplace and institutional customers, Voya has approximately 6,000 employees and had $711 billion in total assets under management and administration as of September 30, 2022. Certified as a “Great Place to Work ” by the Great Place to Work® Institute, Voya is purpose driven and equally committed to doing business in a manner that is socially, environmentally, economically and ethically responsible. Voya has gained recognition as: one of the world’s most ethical companies® by the Ethisphere Institute; a member of the Bloomberg Gender-Equality Index; and a “Best Place to Work for Disability Inclusion” on the Disability Equality Index. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @Voya.
The Mansfield Rule: Legal Division Edition (MRLD) 2.0 certification period ran from July 1, 2020 to June 30, 2022. Voya did not pay to be considered for the certification.