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
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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.
