Former SEC Chairs Stress Need for Board, Workforce Diversity

March 1, 2023, 11:11 PM UTC

Former Securities and Exchange Commission heads on Wednesday suggested how the regulator can encourage companies to improve diversity at the board level and throughout their business.

Mary Schapiro, who was the SEC chair from 2009 to 2012, said a company needs a diverse board of directors to navigate thorny topics from racial justice to LGBTQ rights, abortion access and climate change. She spoke about the regulator’s Office of Minority and Women Inclusion at an event hosted by Howard University School of Law.

“These are such complex, multi-layered kinds of issues with really profound consequences for society and therefore for ...

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