[Video] Board Diversity
Listen in as Cooley partners Calise Cheng and Chad Mills discuss the newest trends in diversity disclosures and the future of board diversity at public companies.
Key takeaways
- Diversity at public companies has more interested stakeholders than ever, including the US government, stock exchanges, shareholders and the general public
- The Securities and Exchange Commission is considering new rulemaking around diversity disclosures and requirements at public companies
- Even without legal requirements, public companies should continue to care about diversity, as institutional investors and proxy advisory firms have increasingly promoted diversity-based voting guidelines
- Boards should recommit to diversity, including by updating corporate guidelines and engaging additional directors who have diverse backgrounds and experience outside of traditional candidate pools
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