Scott Stringer Calls for Mandatory Diversity Effort in the Boardroom – The New York Times

New York comptroller Scott Stringer announced a new stage to his office’s Boardroom Accountability project: demanding that companies consider women and ethnic minorities in their searches for C.E.O.s and board members.

The comptroller will ask directors of 56 companies to adopt a version of the N.F.L.’s Rooney Rule that requires consideration of diverse candidates for all openings.

The companies that Mr. Stringer has reached out to include AT&T, Boeing and Walt Disney, none of which have any version of that rule. Other companies, including Amazon, Facebook and G.E., require diversity to be factored into searches for board members, but not C.E.O.s.“In New York City, we refuse to believe that diverse candidates don’t exist,” Mr. Stringer said in a statement. “As a pension system, we want to invest in 21st-century companies that represent the future — not companies with management teams that look like they’re out of the 1950s.”

via N.Y.C. Official Calls for Mandatory Diversity Effort in the Boardroom – The New York Times

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