The #MeToo movement has provided an opportunity for employees in businesses of all sizes to feel more empowered to report problems. We applaud this shift and are using this as an opportunity to ask the small- or mid-market business to consider the opportunity this presents for them to evaluate their corporate culture and communicate values they hold dear.
Given these shifts, our team of CFOs is having ongoing and regular discussions with our CEOs and management teams regarding ways to become more proactive in these important matters. In the past, raising this topic may have been reactive to a situation or interpreted to mean that we had a concern about a particular manager or owner who may have displayed behavior that was insensitive or harassing in nature. Let’s be honest, that was likely the only time CEOs were willing to have these discussions.
Fortunately, awareness of these issues has changed the conversation and we are now able to engage in these important discussions in a meaningful way. The issue is not only ensuring the company is protected from a manager or owner who may be insensitive to his or her actions; it is about what the company can do proactively to ensure its employees are protected. This is also an opportunity for companies to send a clear message to their team that dignity and respect for all employees is a corporate value they hold dear.
Sexual harassment is NOT covered in commercial general liability policies. It is, however, included in employment practices liability insurance (EPLI) which includes sexual harassment and racial discrimination. Your policy may or may not adequately cover your company. All companies should evaluate their level of coverage.
The #MeToo movement has raised awareness on these really important issues. It has also provided a pathway for companies to make a clear statement regarding their corporate values and to ensure they are providing a workplace that promotes dignity and equality for all employees.
If you’re looking for guidance on the types of procedures to put in place, feel free to give us a call at 407-426-8288. For more details, reach out to CEO Shannon Carbone at Shannon@cfosp.com.Tags: business, Business Challenges, Business Owner, Business Owners, Business Practices, Ceo, Insurance, insurance policy, Knowledgeable Professional, MeToo, Strategic Partnering, Strategic Partners
“Our organization was navigating an intense transition involving our government funding partners and public officials. Without the help of CFOSP, we would have experienced severe financial impacts and certainly lost donor confidence.”
CEO Central Florida Historical Society
“I applaud the stellar support provided by our CFO in embracing and understanding our budget priorities and operations that entail hundreds of financial transactions each month and several millions of dollars in expenditures annually. The nature of our business is very complex, yet your firm did not shy away from the challenge of establishing accounting processes and procedures that will sustain us well into the future.”
Kissimmee Chamber of Commerce, Experience Kissimmee
“…The services they have provided have tripled my bottom line, giving us serious profit levels that have helped fund company growth…”
President, Engineering Firm
“There is no limit to the value of the collective experience that the CFO team brings to the table. Their expertise in debt management, tax reporting, cost of funds, and in-depth analysis has been more than I could have hoped for…”
CEO/President, Hotel Corporation
“Since we began working with CFO Strategic Partners, we’re in the best financial position we’ve ever been in… CFO gives my staff and myself financial peace of mind so we can focus on clients and business at hand.”
CEO, Insurance Agency
“With CFO as our partner, we’re able to see the total picture…. Through their expertise, we’re receiving the highest level of educated financial planning that will propel us into the future.”
President, Florida Architectural Firm