The Office of the Comptroller of the Currency is considering a range of options to improve gender and racial diversity on the boards of the banks under its oversight.
More diverse boards of directors can help banks address potential “blind spots” when reviewing internal workplace and business policies and can lead to better performance and earnings, Acting Comptroller of the Currency Michael Hsu said Tuesday.
The OCC is considering policies to improve the transparency about the makeup of the boards and top leadership at the biggest banks, Hsu told a gathering of the Women in Housing Finance.
“Ultimately, we need ...
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