Congressional Democrats want publicly traded companies to divulge more demographic information about their boards and senior ranks.
A bill reintroduced Tuesday by New Jersey Senator Bob Menendez aims to boost Securities and Exchange Commission disclosure rules by extending reporting requirements on race, ethnicity, gender and veteran-status of directors and senior leadership. The push comes after Nasdaq Inc. proposed requiring more diversity on company boards.
Menendez says the bill -- which has a companion in the House and is also backed by Senate Banking Committee Chairman Sherrod Brown and Massachusetts Senator Elizabeth Warren -- would help bridge the gap between companies’ ...
