BLM Effect. Financial Regulators & Diversity Data

What is happening? The House Committee on Financial Services is considering proposals to “task the Securities and Exchange Commission and other financial market regulators with requiring companies to disclose racial and gender pay equity audits, board director demographics and other diversity-related information.”

Why is this important? Seeds of this started yers ago with ESG abroad, US Chamber Statement in 2017, and the work of investment firms to strengthen diversity, inclusion and sustainability.

How will this be important? We hear it every year the annual Top 500 is reported and that there are X number of Black CEOs and X number of women and X number of LGBTQIA+ CEOs. But, reported data sent to regulatory bodies, that’s new.

Roll Call |Democrats’ report urges diversity, pay equity disclosure bills