Corporate Diversity Disclosure: New Rules for Board and Executive Transparency.
This law mandates that large publicly traded companies disclose detailed information about the racial, ethnic, gender, and veteran composition of their boards of directors and executive officers. The goal is to enhance corporate governance transparency and encourage diversity. Citizens and investors will gain standardized data to evaluate corporate representation practices.
Key points
Public companies must disclose voluntary self-identified data on the race, ethnicity, gender, and veteran status of their leadership.
Companies must report whether they have adopted formal policies to promote diversity among their directors and executive officers.
A new advisory group will study and recommend strategies for increasing diversity on corporate boards.
Expired
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