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Matthew Kelly
Matthew Kelly

Equity


Equity usually appears in courts of law as a term related to justice or proportional fairness, or in financial offices to property or one's share of a company. The derivative root of the noun, which gained stability in the English language during the 1300s, is Latin aequus, meaning "even," "fair," or "equal"; however, to be fair, it was introduced to English by the French, whose adaptation of the Latin was equité. The French word has clear legal connotations; it means "justice" or "rightness," and those meanings, plus a splash of "fairness," carried over to the English word equity. Noah Webster, himself a lawyer, notes the legal term equity of redemption in his 1828 dictionary defining it as "the advantage, allowed to a mortgager, of a reasonable time to redeem lands mortgaged, when the estate is of greater value than the sum for which it was mortgaged." This use led to the modern financial meanings of equity: "the value of a piece of property after any debts that remain to be paid are subtracted" and "a share in a company or of a company's stock."




Equity



On January 20, 2021, President Joseph R. Biden, Jr. released Executive Order on Advancing Racial Equity and Support for Underserved Communities Through the Federal Government, requiring that agencies assess equity with respect to race, ethnicity, religion, income, geography, gender identity, sexual orientation and disability.


The importance of equity in emergency management is not a new concept. We know that historically underserved communities experience differences in preparedness and mitigation measures as well as how quickly their communities can resume social and economic life after a disaster. FEMA will continue to integrate equity as a foundation of our culture through transformational change within our workforce, across our programs, and throughout the emergency management community. The agency will also direct resources and routinely evaluate our programs and policies to help reduce barriers to access and to achieve equitable outcomes that benefit all communities.


Candy Straight is a private investor, currently serving on the board of Neuberger Berman mutualfunds and the Board of Governors of Rutgers University (appointed by Governor Chris Christie)where she serves as Chair of the Audit and Enterprise Risk Management Committee. Candy hasworked for Merck & Co. Inc. and Bankers Trust Company, and was a principal of Head andPartners and an Advisory Director of Securitas Capital, L.L.C., both global private equityinvestment firms specializing in insurance and financial services related industries.


Salima Habib has spent her entire career on an equity trading floor. She joined the associateprogram at Salomon Smith Barney in 2000 and is currently a Managing Director at CitigroupGlobal Markets. She is Head of International Equity sales for Americas.


SUSAN HINRICHS, Banker at European American Bank and Wells Fargo, and private equitybanker at Riverview Capital and Heeltap! Entertainment, involved with financing of filmproduction and entertainment companies.


Equity is equal to total assets minus its total liabilities. These figures can all be found on a company's balance sheet for a company. For a homeowner, equity would be the value of the home less any outstanding mortgage debt or liens.


It is therefore the policy of my Administration that the Federal Government should pursue a comprehensive approach to advancing equity for all, including people of color and others who have been historically underserved, marginalized, and adversely affected by persistent poverty and inequality. Affirmatively advancing equity, civil rights, racial justice, and equal opportunity is the responsibility of the whole of our Government. Because advancing equity requires a systematic approach to embedding fairness in decision-making processes, executive departments and agencies (agencies) must recognize and work to redress inequities in their policies and programs that serve as barriers to equal opportunity.


Sec. 4. Identifying Methods to Assess Equity. (a) The Director of the Office of Management and Budget (OMB) shall, in partnership with the heads of agencies, study methods for assessing whether agency policies and actions create or exacerbate barriers to full and equal participation by all eligible individuals. The study should aim to identify the best methods, consistent with applicable law, to assist agencies in assessing equity with respect to race, ethnicity, religion, income, geography, gender identity, sexual orientation, and disability.


Sec. 9. Establishing an Equitable Data Working Group. Many Federal datasets are not disaggregated by race, ethnicity, gender, disability, income, veteran status, or other key demographic variables. This lack of data has cascading effects and impedes efforts to measure and advance equity. A first step to promoting equity in Government action is to gather the data necessary to inform that effort.


(ii) support agencies in implementing actions, consistent with applicable law and privacy interests, that expand and refine the data available to the Federal Government to measure equity and capture the diversity of the American people.


(d) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.


The Biden-Harris Administration has a far-reaching equity agenda, which also includes implementing the first-ever national strategy on gender equity and equality; working to ensure the federal government is a model for diversity, equity, inclusion, and accessibility in the workforce; delivering environmental justice through the Justice40 Initiative; and advancing LGBTQI+ civil rights. These commitments also reflect attention to the reality that some individuals experience discrimination based on multiple factors and are particularly underserved.


A once-in-a-century pandemic highlighted and exacerbated pre-existing disparities in our health care system. President Biden took swift action to promote an equitable recovery from COVID-19 by lowering health care costs for millions of low-income families, advancing equitable vaccine distribution and access through partnerships with community-based organizations, and directing federal agencies to prevent anti-Asian xenophobia and bias as they responded to the pandemic. As our nation continues to recover from COVID-19, agencies are advancing health equity, addressing the social determinants of health, and expanding access to quality and affordable health care to meet the needs of underserved communities.


The Digital Equity Act provides $2.75 billion to establish three grant programs that promote digital equity and inclusion. They aim to ensure that all people and communities have the skills, technology, and capacity needed to reap the full benefits of our digital economy.


A: An advisory capacity would constitute a partnership; consider ongoing purposeful engagement that builds and strengthens relationships. The purpose of this RFP is to strengthen regional and community partnerships that advance health equity.


Communities can prevent health disparities when community- and faith-based organizations, employers, healthcare systems and providers, public health agencies, and policymakers work together to develop policies, programs, and systems based on a health equity framework and community needs.


Social determinants of health are the conditions in the places where people live, learn, work, play, and worship that affect a wide range of health risks and outcomes. Long-standing inequities in six key areas of social determinants of health are interrelated and influence a wide range of health and quality-of-life risks and outcomes. Examining these layered health and social inequities can help us better understand how to promote health equity and improve health outcomes.


Potential Impact: National, state, local, tribal, and territorial public health staff will have a better understanding of health equity, the increased capacity to use data to integrate health equity into public health systems and interventions, and ultimately eliminate health disparities in the communities they serve.


Potential Impact: Systems changes will occur in the workplace, including workplaces that set the standard for gender equity best practices, that decrease experiences of gender discrimination and gendered racism, and ultimately, improve mental and physical health among people of all gender identities.


In finance, equity is an ownership interest in property that may be offset by debts or other liabilities. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets owned. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity. Equity can apply to a single asset, such as a car or house, or to an entire business. A business that needs to start up or expand its operations can sell its equity in order to raise cash that does not have to be repaid on a set schedule.


When liabilities attached to an asset exceed its value, the difference is called a deficit and the asset is informally said to be "underwater" or "upside-down". In government finance or other non-profit settings, equity is known as "net position" or "net assets".


The equity of an asset can be used to secure additional liabilities. Common examples include home equity loans and home equity lines of credit. These increase the total liabilities attached to the asset and decrease the owner's equity.


A business entity has a more complicated debt structure than a single asset. While some liabilities may be secured by specific assets of the business, others may be guaranteed by the assets of the entire business. If the business becomes bankrupt, it can be required to raise money by selling assets. Yet the equity of the business, like the equity of an asset, approximately measures the amount of the assets that belongs to the owners of the business. 041b061a72


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