Biocom California’s Post

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How can life science companies foster a more inclusive industry? This #AAPIHeritageMonth we’re amplifying Asian American and Pacific Islander voices in the industry. In our May Member Spotlight, Frank Watanabe, CEO at Arcutis Biotherapeutics, Inc. (Nasdaq: ARQT), shares: “We are actually a fairly diverse industry at the ‘journeyman’ level … But as you rise up in an organization in our industry, that diversity drops off precipitously. By the time you get to the CEO … it tends to get homogenous at the top and that’s true at the board level, too. We have to take intelligent risks with people. If you insist on only hiring someone who has been a CEO or on a board before, that's a recipe for the perpetuation of what you've had in the past. Everyone who is a CEO today was a CEO for the first time once. For us to increase diversity at the top levels, we have to stretch people and be willing to take those kinds of chances, particularly with underrepresented groups.” Read more: https://bit.ly/3V4FOzV

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Erin Federman

Global Commercial Head | Launch Expert | Transformational Leader & Talent Scout | Visionary Thinker | Marketing Strategy & Communications

5mo

Great initiative, Frank. There is a very big challenge post-Director level in most organizations. I don't believe, in today's day and age, that it is driven in the majority of cases through a purposeful desire to exclude; more that like tends to both attract, and choose, like. If the hiring team is homogenous, then it is far more likely they will stick to what is comfortable but cloak this in other words. Someone different will become "potentially disruptive" or "an outlier" or "complex". To your point, someone whose CV doesn't perfectly match the JD could be seen as a "risk". True change requires some discomfort, and for leaders (like you have done) to truly lean into this topic and make it a priority.

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It was great talking with #BiocomCalifornia about #AAPIHeritageMonth and increasing diversity in the biotech arena!

Terence Pillay

Global Medical(HCP) Marketing Manager - URTI: Cough, Colds & Flu; Personal care; Foot care

5mo

New way of thinking Frank…

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