Bloomberg Law
Feb. 23, 2021, 8:49 PM

Democrats Renew Push to Expand Corporate Diversity Disclosures

Caitlin Webber
Caitlin Webber
Bloomberg News

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’ ...

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