Posts Tagged "SEC"

SEC Chair Speech on Board Diversity

June 2016. In a speech before the ICGN on June 27, 2016, SEC Chair Mary Jo White said that “…the SEC has a responsibility to ensure that our disclosure rules are serving their intended purpose of meaningfully informing investors.  does not and it should be changed.  Our lens of ...

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This Congresswoman Is on a Mission to Get More Women Into the Boardroom

March 2016. U.S. Representative Carolyn Maloney, a Democrat from New York, recently introduced the Gender Diversity in Corporate Leadership Act (H.R. 4718) in the U.S. House of Representatives. The legislation would require the Securities and Exchange Commission to establish a gender diversity advisory group to study and make recommendations on strategies to increase gender diversity ...

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A Conversation with SEC Chair Mary Jo White

January 2016. In the final question of this recent interview, SEC Chairman Mary Jo White addressed the lack of gender diversity on boards.  She has instructed her staff to review the current proxy disclosure requirements to determine “whether additional guidance or rulemaking is needed.” Read the speech here.

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H.R.4718 – The Gender Diversity in Corporate Leadership Act of 2016

This bill directs the Securities and Exchange Commission (SEC) to establish a Gender Diversity Advisory Group, composed of government, academic, and private sector representatives, to study strategies to increase gender diversity among the members of the boards of directors of issuers. The Securities Exchange Act of 1934 is amended to direct ...

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SEC Chief: Board Diversity Is a Priority for Agency in 2016

January 2016. An important Wall Street Journal article reveals that SEC Chair Mary Jo White may press for more complete diversity disclosures in the coming year. Read the article here (paywall).

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Maloney unveils new GAO report showing rampant disparities against women in corporate boardrooms, demands SEC take action

January 2016. Congresswoman Carolyn B. Maloney (D-NY-12) today unveiled a new report from the Government Accountability Office, which shows women are severely underrepresented on corporate boards, taking up just 16 percent of seats in the boardroom. The study, which Maloney requested in May 2014, shows that even if the rate of ...

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SEC Commissioner On Boardroom Diversity

May 2015. SEC Commissioner Kara Klein recently gave a speech at a Treasury Department Symposium on Women in Finance where she discussed boardroom composition.  The Commissioner did not say anything new about boardroom diversity, and did not critique the present disclosure rules.  Instead, she argues that if there were a universal proxy ...

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Secretary of Commerce Penny Pritzker and SEC Chair Mary Jo White Deliver Remarks at 2014 Conference

September 2014. The annual SAIS Global Conference on Women in the Boardroom was held September 15-16 at the U.S. Chamber of Commerce (please click here for a press release from the U.S. Chamber of Commerce Foundation). The Public Plenary Session featured keynote remarks by The Honorable Penny Pritzker, U.S. Secretary of Commerce and The Honorable ...

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NACD Annual Surveys: American Boards Would Struggle to Meet Board Quotas Should They Become Law

NACD Directorship, 06/28/13: NACD’s annual governance surveys show that American boards would have difficulty fulfilling diversity quotas should they become law, as in Norway and Spain, with 27.4 percent of boards responding to NACD’s most recent Public Company Governance Survey reporting zero female members. “When figures do not improve, the probability ...

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Merely Cracking the Glass Ceiling is Not Enough: Corporate America Needs More than Just a Few Women in Leadership

Important speech by SEC Commissioner Luis Aguilar, “Merely Cracking the Glass Ceiling is Not Enough:  Corporate America Needs More than Just a Few Women in Leadership”    He powerfully makes the business case for a critical mass of women in the boardroom and he urges U.S. business to focus on why ...

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