Waters Applauds SEC’s Approval of a National Stock Exchange Rule to Require Diversity Data Reporting
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the Securities and Exchange Commission’s approval of a proposed rule that would require companies listed on a national stock exchange to meet gender and racial diversity requirements and provide diversity data of their board members.
“As Chairwoman of the Financial Services Committee, diversity and inclusion has been a very important issue to me and the Committee. Since my days in the California Assembly, where I pushed California to divest the state pension from businesses in apartheid South Africa, I have promoted corporate social responsibility and advocated for greater board diversity. In the Dodd-Frank legislation, I established the Office of Minority and Women Inclusion to hold federal agencies accountable for diversity and inclusion practices. Upon becoming Chairwoman, I established the Subcommittee on Diversity and Inclusion, led by Congresswoman Joyce Beatty, to hold the financial services industry accountable to increasing diversity, including on corporate boards.