Investor Attempts To Hold Cos. Accountable Are Working
Law360 (May 17, 2021, 6:50 PM EDT) -- On May 13, new U.S. Securities and Exchange Commission Chairman Gary Gensler announced that in direct response to investor demand, diversity disclosures would be a "top priorit[y]" and "early focus" of his tenure. Gensler said that investors increasingly want to understand information about "one of the most critical components of companies, their workforce."
Indeed, over the past few months, investors have been demanding increased accountability from corporations on diversity and other social issues. The issues are not new, but the investor focus on these issues is. We have already seen institutional investors create meaningful social change in the #MeToo context when they...
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