State Street to insist companies disclose diversity data | Financial Times

State Street’s $3.1tn investment arm will start voting against directors of big companies that fail to disclose the racial and ethnic make-up of their boards, a move that will increase the mounting pressure on corporations to diversify their leadership.  For this year, the Boston-based asset manager is only calling on companies to report the information. But beginning in 2022, it will also vote against the chair of the nominating and governance committees of companies that do not have at least one minority board member. 

State Street to insist companies disclose diversity data | Financial Times

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s