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Dodd-Frank’s Diversity Disclosures Draw Nearer

Joe Mont | April 7, 2015

While you were worrying about conflict minerals, CEO pay ratios, and the Volcker Rule, another disclosure requirement from the Dodd-Frank Act has quietly been drawing closer. Any day now—if hints from various regulators are to be believed—final rules for how companies assess and report data on the diversity of their workforce will emerge.

Wilson-stephanie-0415“All these other issues were whirling around that were more immediate,” says Stephanie Wilson, a partner with law firm Reed Smith. “A lot of people just weren’t paying attention to it.”

The pending rule, from Section 342 of Dodd-Frank, has three requirements. First, various federal regulators had to create their own Office of Minority and Women Inclusion to oversee and document their policies for hiring and retaining minorities. Step two: Those new offices will...

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