Tag: Diversity

S&P 2023 Report: Women Lose Senior Roles To Men In US Companies – Bloomberg

Women accounted for 11.8% of the approximately 15,000 C-suite roles in the S&P Global Total Market Index in 2023, researchers at the data provider said, down from 12.2% the previous year. That suggests women ceded about 55-60 positions with ‘chief’ in the title to men last year. Though the absolute decline may seem small, it’s significant considering women’s representation in…

Read More

Fifth Circuit Rejects Challenge to Nasdaq’s Board Diversity Rules | The D&O Diary

In a lengthy and detailed opinion, the Fifth Circuit has rejected two petitions challenging the SEC’s approval of Nasdaq’s board diversity rules. The rules require most Nasdaq-listed companies to have women and minority directors on their boards or explain why they don’t. The petitioners had argued that the rules violated constitutional free speech and equal protection provisions and also violated…

Read More

SEC Panel Set to Push Workforce Diversity Reporting Requirements

The SEC should require more workforce disclosures from companies to include employee diversity reporting, the agency’s advisory group for investor matters is preparing to recommend. The Securities and Exchange Commission should direct companies to report data that may include workers’ gender, race, age, disabilities, and other characteristics important to investors, the agency’s Investor Advisory Committee said in a draft recommendation…

Read More

Law firms become latest battleground in US diversity fight | Financial Times

The architect of the Supreme Court victory against affirmative action at US universities is now targeting recruitment practices at the nation’s largest law firms, in a strategic ploy that could pave the way for broader challenges to corporate America’s diversity and inclusion schemes. Edward Blum, a conservative campaigner who in June won a decades-long battle to end racially-conscious admissions at…

Read More

Conservative Starbucks investor loses diversity challenge | Reuters

A U.S. judge on Friday dismissed as frivolous a conservative activist investor’s lawsuit against Starbucks’ (SBUX.O) board for the coffee chain’s diversity, equity and inclusion policies. The National Center for Public Policy Research (NCPPR) sued in August 2022 over Starbucks’ setting hiring goals for Black and other people of color, awarding contracts to “diverse” suppliers and advertisers, and tying executive…

Read More