Six federal financial regulatory agencies are proposing joint standards for assessing the diversity policies and practices of the institutions they regulate.
The proposed standards are intended to promote transparency and awareness of diversity policies and practices within the institutions.
The assessment standards cover four key areas:
• Organizational commitment to diversity and inclusion.
• Workforce profile and employment practices.
• Procurement and business practices and supplier diversity.
• Practices to promote transparency of organizational diversity and inclusion.
In developing these proposed standards, the six agencies tailored the standards to account for variables including asset size, number of employees, governance structure, income, number of members or customers, contract volume, location, and community characteristics. The agencies recognize standards may need to change and evolve over time.
See full Press Release: http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370540017772#.Umju2flmiqc
Posts
