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SEC Chief: Board Diversity Is a Priority for Agency in 2016

Submitted by jhartgen@abi.org on

Securities and Exchange Commission Chairman Mary Jo White outlined on Tuesday a busy agenda for what is likely to be her final full year at the helm of the SEC, with a range of initiatives focusing on boardroom diversity and executive compensation, the Wall Street Journal reported today. One new priority: possibly requiring companies to provide more details about the diversity of their directors. White said that she is concerned that existing disclosures may not provide investors with enough information. White said that she has instructed staff to review existing company disclosures and give her recommendations on whether the agency should require companies to provide more specific information about the racial or gender composition of their boards.