Search
 
Best Practices

VC lobbying group encourages improved workplace misconduct policies

The National Venture Capital Association, the trade group representing American venture capitalists, published a trove of HR documents encouraging firms to adopt new policies to define unacceptable workplace behavior.

By Lizette Chapman | Updated on February 22, 2018
Policy gears The initiative is the culmination of eight months of work by the industry group, member firms and experts in legal, HR and employment issues. (Photo: Shutterstock)

Despite investing some $80 billion a year and helping coach the world’s fastest-growing companies, the venture capital business is oddly unsophisticated. Most firms lack basic corporate functions, such as human-resources departments or employee codes of conduct. The consequences of this weren’t readily apparent until last year, when more than a dozen women came forward with allegations of harassment against VCs.

The industry is now getting some long-overdue help, and it’s coming from a Washington lobbying group. The National Venture Capital Association, the trade group representing American VCs, published a trove of HR documents on Thursday encouraging firms to adopt new policies to define unacceptable workplace behavior. The paperwork describes what constitutes sexual harassment and discrimination, and outlines a procedure for handling complaints. HR best practices, diversity and inclusion policies, paid parental and family leave, and a code of conduct are also covered in the documents.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.