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SEC invites companies to submit diversity assessments

Joe Mont | January 29, 2018

The Securities and Exchange Commission, through its Office of Minority and Women Inclusion, has introduced its Diversity Assessment Report for Entities Regulated by the SEC. The Commission will also ask regulated entities to v oluntarily submit self-assessments of diversity policies and practices.

OMWI created the report to supplement standards issued by the SEC and five other federal financial regulatory agencies in June 2015.

The federal banking regulators, SEC, and Consumer Financial Protection Bureau jointly issued a formal policy for assessing the diversity policies and practices of the entities they regulate.

Section 342 of the Dodd-Frank Act required each of the agencies to each establish an Office of Minority and Women Inclusion, responsible for oversight of their diversity in management, employment, and business activities. The...

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