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Biden’s SEC doesn’t want to let companies hide their terrible diversity records anymore

George Floyd One Year

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Corporate America’s diversity problem could soon become clearer than ever.

The Securities and Exchange Commission is mulling rule changes that would require public companies to reveal more information about their employees, SEC Chair Gary Gensler said in a Wednesday Twitter thread. The rules could force the disclosure of workforce turnover, skills training, benefits, pay, and diversity. The new guidelines would also likely be mandatory, the chair said.

“Investors want to better understand one of the most critical assets of a company: its people,” Gensler said. “I’ve asked staff to propose recommendations for the Commission’s consideration on details ⇒

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