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Public Company Conversations

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