In the face of internal turmoil, stock price plummeting, and public relations disasters, many Activision Blizzard employees hope that their senior executives can resign, but instead, they issued a desperate press release in the middle of the night yesterday (November 22) announcing the establishment of a Work Responsibility Committee.
The committee will monitor the company’s progress in implementing its new policies, procedures and commitments to improve workplace culture and eliminate all forms of harassment and discrimination within the company. According to reports, these policies cannot be retrospectively applied to the actions of CEO Bobby Kotick.
Activision has appointed only two women from its 10-member board to lead the committee and will soon add a new diversity director to the board. Its announcement explained the committee’s working mechanism: The committee will require management to develop key performance indicators and/or other methods of measuring progress and means to ensure accountability. CEO Bobby Kotick and Chief Human Resources Officer And the Chief Compliance Officer will regularly submit progress reports to the committee, and the committee will report regularly to the entire board of directors. The committee has the right to hire external inquiries or consultants, including independent legal counsel, to assist its work.
Therefore, a committee composed of two board members will report to Bobby Kotic’s board of directors. You can also consult external consultants, but the announcement did not mention the opinions of Activision Blizzard’s nearly 10,000 employees.
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The announcement concluded: Although the company has made important progress in improving workplace culture with the support of the board of directors, it is clear that the current situation requires more board participation. The establishment of the committee and other future changes will help Promote additional direct supervision and transparency, and ensure that the company’s commitments to Activision Blizzard employees are urgently and effectively implemented. For the company, this is a challenging period, but the board of directors is confident to take action for the company’s future success Lay the foundation.
Kotick and other senior leaders helped cultivate and protect a culture of harassment and discrimination in the company, and the board of directors composed of many of Kotic’s old friends continued to fully support him. In the 10 years before the lawsuit, they did nothing, and recently, when things might turn around-Blizzard set up the first female co-director, but she was “marked, marginalized, and discriminated against.