Dodd-Frank Act Includes Creation of Office of Minority and Women Inclusion

Within a heartbeat of Janet Yellen’s nomination to be the first woman to chair the Federal Reserve Board, on October 23rd, federal financial regulators coincidentally issued a draft statement on standards for and assessments of workplace and contracting diversity among the companies that they regulate. Comments are due Dec. 24th

Proposed Interagency Policy Statement Establishing Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies” covers:

– Each company’s organizational commitment to diversity and inclusion.

– Their workforce profile as well as  employment practices.

– Their procurement and business practices and supplier diversity.

– Their efforts to promote “transparency”–public visibility–of their organization’s diversity and inclusion.

Read more at ABA Banking Journal