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SEC and Other Regulators Seek Input on Diversity Proposal

By Ernest Badway on August 8, 2014

The SEC and three other regulators requested comment on a proposed policy statement that would establish joint standards for assessing the diversity policies and practices of the entities they regulate.  http://www.sec.gov/rules/policy/2013/34-70731.pdf.

The diversity measures are required by Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  In a joint release, the agencies said the proposed assessment standards would cover four key areas: (1) Organizational commitment to diversity; (2) Workforce profile and employment practices; (3) Procurement and business practices; and (4) Practices to promote transparency of organizational diversity.

Comments are still being accepted.

  • Posted in:
    Financial
  • Blog:
    Securities Compliance Sentinel
  • Organization:
    Fox Rothschild LLP
  • Article: View Original Source

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