Media Mentions
Schulte Chief Innovation Officer and Chief DEI Officer John K. Johnson authors "Schulte's Culture of Connection and Belonging" for Savoy Magazine.
August 2, 2024
Schulte Roth & Zabel Chief Innovation Officer and Chief DEI Officer John K. Johnson recently authored the article, "Schulte's Culture of Connection and Belonging," for Savoy Magazine, offering insights into the firm’s commitment to diversity, equity and inclusion (DEI).
He outlined the firm's DEI efforts, which are guided by four foundational principles: ensuring workplace equity, nurturing diverse talent, cultivating a sense of belonging and making a meaningful societal impact. Schulte's inclusive approach—embodied by the "one firm, one team" ethos—paves the way for industry-leading inclusivity policies that extend to business professionals as well as lawyers. This inclusiveness is integral to the Schulte Code of Civility, fostering an environment of respect and trust.
By setting an inclusive “one firm, one team” tone, the firm is leading the industry with more inclusive policies around business professionals, including opening our affinity groups and alumni programs to all lawyers and business professionals of the firm. This spirit is enshrined in the Schulte Code of Civility and sets a tone for a climate of mutual respect and trust.
Schulte also actively seeks to create opportunities and develop diverse talent pipelines through partnerships with organizations focused on professional development for students from underrepresented groups—including those at the pre-law and high school levels, and first-generation professionals.
Read more here.
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On July 24, 2024, the US Department of Treasury's Financial Crimes Enforcement Network (“FinCEN”) issued updates to its Frequently Asked Questions (“FAQs”) [1] regarding the beneficial ownership information (“BOI”) reporting requirements of the Corporate Transparency Act (collectively, with its implementing regulations, the “CTA”).[2] These FAQs provide (i) clarity on the type of taxpayer identification number (“TIN”) information required to be reported by an entity that is disregarded as an entity that is separate from its sole tax owner for US federal tax purposes (“DRE”) and (ii) relief to certain types of entities relating to this TIN reporting obligation.
Alerts
The recently enacted Corporate Transparency Act (“CTA”) establishes mandatory federal reporting requirements for any legal entity registered with the secretary of state or any similar office. If you own or have management responsibility over one or more limited liability companies, limited partnerships, corporations or other similar entities or, if any trust of which you are a grantor, trustee or beneficiary owns or has management responsibility over one or more limited liability companies, limited partnerships, corporations or other similar entities, you may be subject to the new filing requirements of the CTA. For any entity created before Jan. 1, 2024, beneficial ownership reports must be filed with the Financial Crimes Enforcement Network (FinCEN), a bureau of the Department of Treasury, by Dec. 31, 2024. A copy of the Alert we circulated on Jan. 31, 2024, outlining the key features of the CTA, can be found here. There are financial and, in some cases, criminal penalties for failure to file a report. Please reach out to us immediately if you need assistance determining whether you have to file a beneficial ownership report. We need to hear from you no later than Aug. 31, 2024, to be able to provide timely assistance on this matter.
Alerts
On July 24, 2024, the US Department of Treasury's Financial Crimes Enforcement Network (“FinCEN”) issued updates to its Frequently Asked Questions (“FAQs”) [1] regarding the beneficial ownership information (“BOI”) reporting requirements of the Corporate Transparency Act (collectively, with its implementing regulations, the “CTA”).[2] These FAQs provide (i) clarity on the type of taxpayer identification number (“TIN”) information required to be reported by an entity that is disregarded as an entity that is separate from its sole tax owner for US federal tax purposes (“DRE”) and (ii) relief to certain types of entities relating to this TIN reporting obligation.
Alerts
The recently enacted Corporate Transparency Act (“CTA”) establishes mandatory federal reporting requirements for any legal entity registered with the secretary of state or any similar office. If you own or have management responsibility over one or more limited liability companies, limited partnerships, corporations or other similar entities or, if any trust of which you are a grantor, trustee or beneficiary owns or has management responsibility over one or more limited liability companies, limited partnerships, corporations or other similar entities, you may be subject to the new filing requirements of the CTA. For any entity created before Jan. 1, 2024, beneficial ownership reports must be filed with the Financial Crimes Enforcement Network (FinCEN), a bureau of the Department of Treasury, by Dec. 31, 2024. A copy of the Alert we circulated on Jan. 31, 2024, outlining the key features of the CTA, can be found here. There are financial and, in some cases, criminal penalties for failure to file a report. Please reach out to us immediately if you need assistance determining whether you have to file a beneficial ownership report. We need to hear from you no later than Aug. 31, 2024, to be able to provide timely assistance on this matter.
Alerts
On July 24, 2024, the US Department of Treasury's Financial Crimes Enforcement Network (“FinCEN”) issued updates to its Frequently Asked Questions (“FAQs”) [1] regarding the beneficial ownership information (“BOI”) reporting requirements of the Corporate Transparency Act (collectively, with its implementing regulations, the “CTA”).[2] These FAQs provide (i) clarity on the type of taxpayer identification number (“TIN”) information required to be reported by an entity that is disregarded as an entity that is separate from its sole tax owner for US federal tax purposes (“DRE”) and (ii) relief to certain types of entities relating to this TIN reporting obligation.