MGM Mirage
Named Among 'Top 40 Companies for Hispanics'
MGM Mirage has been named
as one of the Top 40 Companies for Hispanics
by Hispanic Business magazine. The recognition
follows an examination of the company's efforts
to engage Hispanics in its business operations.
According to Hispanic Business magazine,
the top 400 companies on the Fortune 500 list
were invited to participate in an in-depth analysis
that examined how companies reach Hispanics
in areas such as employment, procurement, philanthropy
and consumer marketing. Additionally, executive
leadership and governance practices to support
diversity were evaluated.
At MGM Mirage, a board-level diversity committee,
chaired by Alexis Herman, the 23rd U.S. Secretary
of Labor, establishes diversity policy and monitors
the implementation of the company's diversity
initiative. More than half of the company's
70,000 employees are diverse, with Hispanics
comprising the largest minority population.
The company maintains strategic partnerships
with numerous civic, social and professional
organizations that enable the creation of collaborative
programs to advance its diversity and business
goals. Also, nearly 50 percent of the company's
total philanthropic contributions benefit programs
and initiatives that serve minority and underserved
audiences.
The magazine also recognized MGM Mirage for
communicating its purchasing needs to minority
vendors, contractors and suppliers. The company
has policies that require minority participation
in construction and purchasing bids. Since launching
its Supplier Diversity Program three years ago,
MGM Mirage has increased its expenditures with
minority-, women-, and disadvantaged-business
enterprises by more than 218 percent.
According to MGM Mirage Senior Vice President
Corporate Diversity and Community Affairs Punam
Mathur, the recognition is a significant accomplishment
for the company and its employees. "To
be named among the leading companies for diversity,
in part, bolsters our effort, and makes us feel
proud.
"However, we realize that our diversity
journey has just begun and that our commitment
requires perseverance. We will continue to reevaluate
our systems and methods in our assimilation
of the best diversity practices and in our quest
for excellence in diversity as in all other
aspects of our business," said Mathur.
MGM Mirage is the only Las Vegas-based corporation
to be named among the Top 40 Companies for Hispanics.
The complete list of the Top 40 companies is
published in the September 2005 issue of Hispanic
Business magazine, the nation's leading source
of information for and about Hispanic professionals
and entrepreneurs. Hispanic Business magazine
is the company's flagship publication, and other
products and educational services include: SuperOnda
magazine, HireDiversity.com, and Hispanic Business
Events including EOY (Entrepreneur of the Year)
Awards Gala, Hispanic Business BOE (Board of
Economists) U.S. Hispanic Economic Summit, and
WOY (Woman of the Year).
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