Group of young professionals using technology With diversity of talent comes diversity of thought. One of the benefits this brings to companies is a greater capacity  for innovation. (Photo: Shutterstock)

There are some titles that are well known in the business world. CEO, for example, needs no explanation. COO and CFO are also well known. But what about CDEIO? For those who are not familiar with that one, it stands for Chief Diversity, Equity, and Inclusion Officer, a position that is becoming common in the C-suite as more companies realize the potential that DEI has to impact their bottom line.

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