Mary Jo White, an Obama appointee who led the SEC from 2013 to 2017, offered another way to nudge companies to improve diversity: having the SEC personally meet with heads of companies to try and get them to make such disclosures.
“I would go and rattle a few cages,” she said. “I would also identify, if I could, leaders of some of those registrants who actually are disclosing, doing a good job, or would if you nudged them, and have them help you go out with your outreach to the others.”
When asked if there has been enough progress on diversity in the financial services industry, White said: “Not enough.”
Source: Former SEC Chairs Stress Need for Board, Workforce Diversity