Diversity in Investment Firms. Congressional Report.

What’s happening? The U.S. House Committee on Financial Services released its report, DIVERSITY AND INCLUSION: HOLDING AMERICA’S LARGEST INVESTMENT FIRMS ACCOUNTABLE.

Why is this important? Recommendations in the report include:

• firms should collect disaggregated data on workforce, executive and board diversity
• firms should consider at least one diverse candidate for all executive positions and board positions when there are openings
• firms should develop pipeline programs for diverse asset managers to manage increasingly larger portfolios

How will this be important? Diversity and Inclusion isn’t leaving the conversation of policymakers and regulators. Join in writing the rules that impact you.

Pensions & Investments | BlackRock, SSGA tout diversity efforts at House subcommittee hearing