General Motors Recognized Among Top 50 in Diversity

DETROIT - General Motors has earned a coveted spot on the 2007 DiversityInc Top 50 Companies for Diversity® list. In addition to its top 50 ranking overall, GM was No. 5 on Diversity Inc.’s list of Top 10 Companies for African Americans.

“General Motors is much different from the average corporation; it is a true champion of diversity,” said Luke Visconti, partner and cofounder of DiversityInc, a monthly business magazine and daily web site. “A total of 317 companies competed for a spot, a 100-percent increase in corporate participation in the Top 50 competition during the past three years.”

Now in its seventh year, The DiversityInc Top 50 Companies for Diversity list is the largest competition of its kind. The list is determined by a comprehensive survey of diversity management that measures the categories of CEO Commitment, Human Capital, Corporate Communications and Supplier Diversity.

“We at General Motors are pleased that our diversity efforts have been recognized by DiversityInc,” said Roderick D. Gillum, vice president, GM Corporate Responsibility and Diversity. “Such recognition reinforces the fact that making sustained advances in the diversity arena only serves to enhance our image and reputation in the communities in which we live, work and conduct business. Rest assured that we are committed to continuous improvement in this important area of our business activities.”

According to DiversityInc, for the fourth year in a row, the DiversityInc Top 50 companies, expressed as a stock index, beat the Standard & Poor’s 500, the Dow Jones Industrial Average and the Nasdaq on a 10-, five- and one-year basis, documenting the connection between good diversity management, excellent corporate governance and return on equity for investors.