Corporate Law News

BGOV Bill Summary: H.R. 5084, Corporate Board Diversity

Nov. 15, 2019, 10:00 PM

Publicly traded companies would have to disclose the race, ethnicity, gender, and veteran status of their board members, nominees, and executives under H.R. 5084.

Companies would disclose the data, which would be based on voluntary self-identification, when they solicit shareholder votes for board director elections or file annual reports with the Securities and Exchange Commission (SEC). The data would cover current directors, new nominees, and executive officers. Companies would also identify any board policies to promote diversity.

The SEC would provide Congress with an annual report on company disclosures and trends.

The commission’s Office of Minority and Women Inclusion...

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