Racial equity audits are one of the latest tools companies are using to gauge their compliance with the social component of environmental, social and governance (ESG). Recently, a growing number of companies are facing shareholder proposals requesting that a racial equity audit be performed. This article will delve into the benefits of companies performing these audits before facing a shareholder proposal. Those benefits include, among other things, reducing the risk of liability, increased profitability, improved stakeholder relationships and greater strategic control.
Originally Published by Bloomberg Law
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
