SEC And Other Regulators Seek Input On Diversity Proposal

The SEC and three other regulators requested comment on a proposed policy statement that would establish joint standards for assessing the diversity policies and practices of the entities they regulate.  http://www.sec.gov/rules/policy/2013/34-70731.pdf.

The diversity measures are required by Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  In a joint release, the agencies said the proposed assessment standards would cover four key areas: (1) Organizational commitment to diversity; (2) Workforce profile and employment practices; (3) Procurement and business practices; and (4) Practices to promote transparency of organizational diversity.

Comments are still being accepted.