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house Bill H.R. 5084

Should Public Companies be Required to Publish Board Diversity Information?

Argument in favor

The composition of corporate boards — and specifically the inclusion of minorities, women, and veterans on corporate boards — is a matter of public interest. With this in mind, publicly traded companies should make information about their boards’ members publicly available.

jimK's Opinion
···
11/18/2019
Diversity stats should be published as part of a public company’s responsibility to serve the public interests generally, and not just serve it’s shareholders. I don’t see the need for legislation to do this. I thought the board of directors are identified in public company’s annual shareholder report. If I am incorrect in this presumption, please feel free to let me know. If the Board of Director’s are identified in the annual shareholders reports, why not simply issue a rule change to include the diversity stats as part of the annual reporting to shareholders? This would have much wider exposure and impact. The SEC could then just issue substantive fines to a public company that did not comply. It would seem to be a simpler, more efficient and impactful way of reporting. If shareholders were unhappy with the results they can simply report their concerns to the SEC to investigate and correct. I don’t think we need new legislation or even the prior legislation for this. There seems to be more direct and meaningful ways to do this.
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Allen's Opinion
···
11/17/2019
If a company is publicly traded, its management should be public information.
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···
11/18/2019
Don’t be distracted by the fact trump just issued pardons in war crimes cases, its a deflection from all this: U.S. ambassador to Ukraine felt threatened by trumps remarks and was threatened by trump while testifying. Long time friend and confidant of trump Roger Stone, found guilty of lying and witness tampering. trump has asked the Supreme Court to keep his taxes hidden, so no more separation of powers anymore either? trump sought status of Ukraine investigations showing aid was depended on the investigations themselves. trump complains that witnesses all speak from 2nd and 3rd hand knowledge yet ordered Mulvaney not to testify. Laura Cooper testified that the Pentagon sought clarification from the trump administration about the hold up of the Ukraine aide and received none. A second person has said they reported sexual misconduct involving a former doctor who’s been accused of sexually abusing nearly 300 men over a 17-year period to Rep. Jim Jordan (R-Ohio) Ukrainian President Volodymyr Zelensky and his staff felt they would not get the millions of dollars in aid money without publicly committing to launch the investigations Trump wanted. Senior trump administration officials considered resigning en masse in a ‘midnight self massacre’. State Department official says Giuliani was engaged in a campaign ‘full of lies and incorrect information’ about former ambassador. trump to pay $2 million for charity foundation misuse. trump wanted attorney general Barr to hold a news conference saying the president broke no laws on Ukraine call. White House official who heard trumps call with Ukraine president was told to keep quite. White House lawyer moved transcript of trump call to classified server after Ukraine adviser raised alarms. He has politicized our national security and has chosen Putin and other dictators over our own congress and security agencies. “I stated to Amb. Sondland that his statements were inappropriate, that the request to investigate Biden and his son had nothing to do with national security, and that such investigations were not something the NSC was going to get involved in or push,” Vindman adds. Lt. Col. Alexander S. Vindman, a top Ukraine expert on the National Security Council is testifying that trump demanded that a foreign government investigate an American citizen in exchange for Congresses approved aide. Just reached a $984 billion deficit while he lines his pockets with our tax dollars and foreign money at his resorts. $400 million in aide money was withheld from Ukraine back in August and Ukrainian leaders were told it was not red tape, that they needed to talk to Chief of Staff Mulvaney to resolve it and make a CNN statement about Biden in order to receive said aide. Rudolph W. Giuliani, the president’s personal lawyer, is running a shadow foreign policy in Ukraine that circumvents U.S. officials and career diplomats in order to personally benefit President trump. Igor Fruman and Lev Parnas. Look them up. North Korea just tested a submarine launched missile. Deserted our Kurdish allies who have been fighting ISIS with us and now are being slaughtered. All because he has a tower in Istanbul. “The Americans betrayed us. We do not trust them anymore,” she added. These used to be our Kurdish allies that stood against ISIS. He is refusing to comply with the law. He is using the power of the presidency to withhold aide to one of the worst humanitarian crisis on the planet in exchange for political favors in order to sway the 20/20 election. He is acting like a criminal and threatening the life of the whistleblower. Mr. America first is sending troops to Saudi Arabia in support of a murdering dictator who spends millions at his hotels and resorts. Corey Lewandowski testified to congress that trump ordered him to obstruct justice. He is blocking information that pertains to the safety of our country from reaching congress. He has been threatening NOAA, a federal agency, with punishment if they do not disavow the truth and side with his lies. He invited the Taliban to Camp David the week of 9/11. He is a #PussyAssBitch He’s doctoring weather maps to try and prove he’s not an idiot. He has stayed at trump properties 293 days in 3 years, that’s our tax dollars going directly into his pocket. He took money from military daycares to pay for a wall that won’t work and no one wants. The Vice President and the Attorney General are both spending tax payer dollars on trump hotels, lining his pockets and currying his favor. He has privately instructed aides to skirt laws and regulations to get the wall built faster — and told them he will pardon them if necessary. He is pressuring a government agency to give a contract for his wall to a company whose chief executive is a donor to one of his top GOP allies in Congress. He took hundreds of millions from 127 different projects (FEMA being one of those) for his wall. He thinks nuking a hurricane is an idea. He is host the next G-7 at one of his own resorts. Again our tax dollars paying him directly. He taunted Iran by tweeting a classified image of an Iranian rocket that had exploded, thereby potentially compromising U.S. intelligence capabilities. His own company would save millions from the low interest rates he is demanding. He was going to give you tax cuts through your paychecks but decided not to. This year the richest of us payed less in taxes than the rest of us. He is destroying the economy with HIS trade war. We will soon average a 1.2 trillion deficit. He is repeating NRA talking points on background checks so expect no action taken regardless of the fact there has been 27 arrested over threats to commit mass attacks since El Paso( NOT TOLEDO). He made fun of republicans being afraid of the NRA and then caved after a 30 minute phone conversation with them. He bragged about indefinite child detention because it brings families together. He is refusing flue shots, that protect us all(google influenza pandemic), to immigrant children. He is attacking fellow congresswomen in really disgusting ways and making anti-Semitic remarks about Jews calling them disloyal. He thinks he’s the chosen one based on a conspiracy theory web sight. He has: Obstructed Justice. Is profiting from the Presidency. Colluded - They had a meeting & lied about it. Advocated political & police violence. Abuse of power. Engaging in reckless behavior. Persecuting political opponents. Attacking the free press. Violating immigrants Right to Due Process. Violating campaign finance laws. Racist: Speaks directly to and often tweeting straight from white supremacists. Calls them very fine people. Told fellow congresswomen to go back where they came from. Called them shit hole countries. Called them murderers and rapists. Calls her Pocahontas. Took out full page adds calling for the death of five innocent black kids in New York, 1989. Literally has said in an interview he has Hitlers speeches, My New Order in his nightstand. Our Money: Spent campaign finance money on hush payments to silence a porn star he had an affair with in order to hide it from the voters. Has spent over $100 million of our tax dollars playing golf at his own golf courses. Has never divested from companies and advertises and profits off the White House. Was going to cut Medicaid and Medicare funding to pay for the tax cuts he gave to the rich. Is actively destroying farmers lives with his trade wars that we all know only hurts our pockets not Chinas. Has made the lives of every truck driver across America as well as our own, more dangerous by removing safety regulations that only benefits the pockets of the CEOs of those companies. Has removed any and all protections we had in place from work safety, environment, women’s rights, LGBTQ rights and gives that power back to the CEOs, oil companies, men and old white men. Saudi funded lobbyist rented 500 rooms at a trump hotel he never divested from right after he became president. Wonder why? Sexual Predator: Accused by more than 20 women of molestation and rape. Bragged about said molestation on tape. Has cheated on all three wives (see above). Has made sexual remarks on camera about his daughter. Belittles and bully’s women. Not even sure he’s aware he has two daughters. Idiot: Has allowed North Korea to grow there nuclear weapons program. Took the side of Putin over America’s own security agencies on the national stage. Lacks the intelligence and facts needed to communicate on a global level much less national one. Makes policy decisions based on FOX media. Lies when speaks. Doesn’t believe in science and quite often displays his ignorance of it. Russia: Lied about meetings with Russians. Lied about a trump tower Moscow. Personal attorney Michael Cohen (same guy who broke campaign finance laws under trumps direction) had contacts with russian officials. National Security aide Flynn resigned over Russian contacts. Jeff Sessions recused himself because of Russian contacts. Manafort resigned because of Russian contacts. Campaign foreign policy adviser Papadopoulos met with Russians then bragged about it to Australians who then turned that info over to our FBI. Sixteen campaign officials had contacts with Russia and at least nine others new about it. Russian mobster lived in trump tower. trump casino was flagged 106 times for lax money laundering standards and same Russian frequently stayed at trump casino. Has been selling real estate to Russians for years. It really is surprising how many connections to Russians this man has. Rick Scott, Marco Rubio, Bill Posey You are my representatives. OLC policy: The indictment or criminal prosecution of a crime sitting President would unconstitutionally undermine the capacity of the executive branch to perform its constitutionally assigned functions. It’s time to do your job. You swore an oath to this country, it’s people and me to uphold the constitution. The president has never upheld that oath. How do you want to be remembered?
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Argument opposed

This bill is duplicative with another bill, the Diversity in Corporate Leadership Act of 2019 (H.R.3279), that has also passed the House Financial Services Committee. Since these two bills address the same issues and have very similar provisions, they should be combined into one piece of legislation.

Chris's Opinion
···
11/18/2019
Stop trying to force diversity for diversity’s sake and embrace merit based positioning. Grow up!
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Kelly's Opinion
···
11/19/2019
No, not the governments business or anyone else.
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operaman's Opinion
···
11/18/2019
This famous Diversity Act will be as popular as an outhouse in your backyard. Stinks!
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
  • The house Passed November 19th, 2019
    Roll Call Vote 281 Yea / 135 Nay
      house Committees
      Committee on Financial Services
    IntroducedNovember 14th, 2019

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What is House Bill H.R. 5084?

This bill — the Improving Corporate Governance Through Diversity Act of 2019 — would require public companies to publish diversity data annually in their proxy statements, based on voluntary self-identification, on the racial, ethnic, and gender composition of their board of directors, nominees for the board of directors, and executive officers. They would also be required to publish data on those who have voluntarily self-identified as veterans. 

This bill would establish disclosure requirements for public companies adopting any board policy, plan, or strategy to promote diversity.

Every three years, the Director of the Securities and Exchange Commission’s (SEC) Office of Minority and Women Inclusion (OMWI) would be required to publish best practices for compliance with this bill’s disclosure requirements. The Director would also be responsible for soliciting public comments to develop the best practices.

Finally, this bill would direct the SEC OMWI to establish an Advisory Council to advise on best practices for compliance with this bill’s disclosure requirements. This Advisory Council would include issuers and investors.

Impact

Corporations; corporate boards; candidates for and members of corporate boards; the SEC; and the SEC Office of Minority and Women Inclusion (OMWI).

Cost of House Bill H.R. 5084

The CBO estimates that this bill would cost less than $500,000 over the 2019-2024 period. Because the SEC is authorized to collect fees each year to offset its annual appropriation, the CBO estimates that this bill’s budgetary impact would be negligible.

More Information

In-DepthSponsoring Rep. Gregory Meeks (D-NY) introduced this bill to require public companies to annual disclose the gender, race, ethnicity, and veteran status of their board directors, nominees, and senior executive officers

“Diversity has been proven to have a positive impact on business performance, and it is only natural for investors to want to know which companies are choosing to bring in a wealth of different perspectives into their corporate board rooms. Revealing the gender, racial, ethnic and veteran makeup of these corporate C-suites and boardrooms will not only shed light on the value of diversity, but hopefully encourage corporate shareholders to increase diversity in the highest ranks of their corporations.”

After this bill passed the House Financial Services Committee, Rep. Meeks added

“The ‘Improving Corporate Governance Through Diversity Act of 2019’ is the culmination of years of methodical work, built on the premise that transparency is the first step to accountability. Corporate America should reflect the diversity of America, and the markets they seek to serve. Not only is increasing diversity in the C-Suites and corporate boards the right thing to do, it is the smart business decision to make.  Time and again we have seen studies reveal the value a diverse board adds to a company’s decision making process through unique perspectives. Progress in diversity and inclusion, including at the most senior level of organizations, is key to making companies more responsible stakeholders in the American community and economy, and has been shown to improve financial performance."

Sen. Bob Menendez (D-NJ), sponsor of this bill’s Senate companion, says

“As my Corporate Diversity Survey clearly outlines, there is a diversity problem in our nation’s top performing companies. This bill provides a way forward to promote transparency in corporate America, while highlighting the need for further accountability by companies like the Fortune 100s I have surveyed in the past. As our country undergoes tremendous demographic and economic change, it is time the leaders of America’s most successful companies recognize that diversity is not just a buzzword – it’s a deliverable.” 

The U.S. Chamber of Commerce supports this legislation. In a February 7, 2019 letter to Rep. Meeks, it wrote: 

“The Chamber supports the ‘Improving Corporate Governance Through Diversity Act of 2019,’ and supports efforts to increase gender, race and ethnic diversity on corporate boards of directors… Diversity has become increasingly important to institutional investors, pension funds, and other stakeholders. According to PwC’s 2018 Annual Corporate Directors Survey, 94% of board directors surveyed indicated that a diverse board brings unique perspectives, 84% responded that diversity enhances board performance, and 91% reported that their boards are taking steps to increase diversity. The ‘Improving Corporate Governance Through Diversity Act of 2019’ would establish a model to organically boost diversity on boards, rather than the counterproductive quota-driven strategies that some jurisdictions have attempted.” 

While Republican members of the House Financial Services Committee support this legislation, they want to see it condensed with a substantially similar bill, the Diversity in Corporate Leadership Act of 2019 (H.R.3279), sponsored by Rep. Carolyn Maloney (D-NY), which passed the committee by a 52-6 vote. That bill would also require companies to disclose board members’ and board nominees’ gender, race, and ethnicities. It would also establish an SEC committee to examine diversity issues. Rep. Andy Barr (R-KY) has urged the House Financial Services Committee to condense the “duplicative and inconsistent legislation” into a single bill.

This legislation passed the House Financial Services Committee by a 53-5 vote with the support of 27 Democratic House cosponsors. Its Senate companion, sponsored by Sen. Bob Mendenz (D-NJ), has two Democratic Senate cosponsors.

Last Congress, this legislation had 19 Democratic House cosponsors and didn’t receive a committee vote. It didn’t have a Senate companion.

NASDAQ, the Office of the New York State Comptroller, the NAACP, the Urban League, the Council for Institutional Investors, and the U.S. Chamber of Commerce support this legislation.


Of NoteThe Alliance for Board Diversity reports that over 80% of new board directors in 2017 were white men. Among Fortune 100 companies, minority men have made only a 1% gain in corporate board seats over the period 2016-2018 — which is almost as much progress as achieved over the past 12 years.


Media:

Summary by Lorelei Yang

(Photo Credit: iStockphoto.com / PeopleImages)

AKA

Improving Corporate Governance Through Diversity Act of 2019

Official Title

To amend the Securities Exchange Act of 1934 to require the submission by issuers of data relating to diversity and for other purposes.

    Diversity stats should be published as part of a public company’s responsibility to serve the public interests generally, and not just serve it’s shareholders. I don’t see the need for legislation to do this. I thought the board of directors are identified in public company’s annual shareholder report. If I am incorrect in this presumption, please feel free to let me know. If the Board of Director’s are identified in the annual shareholders reports, why not simply issue a rule change to include the diversity stats as part of the annual reporting to shareholders? This would have much wider exposure and impact. The SEC could then just issue substantive fines to a public company that did not comply. It would seem to be a simpler, more efficient and impactful way of reporting. If shareholders were unhappy with the results they can simply report their concerns to the SEC to investigate and correct. I don’t think we need new legislation or even the prior legislation for this. There seems to be more direct and meaningful ways to do this.
    Like (68)
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    Stop trying to force diversity for diversity’s sake and embrace merit based positioning. Grow up!
    Like (41)
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    If a company is publicly traded, its management should be public information.
    Like (35)
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    Don’t be distracted by the fact trump just issued pardons in war crimes cases, its a deflection from all this: U.S. ambassador to Ukraine felt threatened by trumps remarks and was threatened by trump while testifying. Long time friend and confidant of trump Roger Stone, found guilty of lying and witness tampering. trump has asked the Supreme Court to keep his taxes hidden, so no more separation of powers anymore either? trump sought status of Ukraine investigations showing aid was depended on the investigations themselves. trump complains that witnesses all speak from 2nd and 3rd hand knowledge yet ordered Mulvaney not to testify. Laura Cooper testified that the Pentagon sought clarification from the trump administration about the hold up of the Ukraine aide and received none. A second person has said they reported sexual misconduct involving a former doctor who’s been accused of sexually abusing nearly 300 men over a 17-year period to Rep. Jim Jordan (R-Ohio) Ukrainian President Volodymyr Zelensky and his staff felt they would not get the millions of dollars in aid money without publicly committing to launch the investigations Trump wanted. Senior trump administration officials considered resigning en masse in a ‘midnight self massacre’. State Department official says Giuliani was engaged in a campaign ‘full of lies and incorrect information’ about former ambassador. trump to pay $2 million for charity foundation misuse. trump wanted attorney general Barr to hold a news conference saying the president broke no laws on Ukraine call. White House official who heard trumps call with Ukraine president was told to keep quite. White House lawyer moved transcript of trump call to classified server after Ukraine adviser raised alarms. He has politicized our national security and has chosen Putin and other dictators over our own congress and security agencies. “I stated to Amb. Sondland that his statements were inappropriate, that the request to investigate Biden and his son had nothing to do with national security, and that such investigations were not something the NSC was going to get involved in or push,” Vindman adds. Lt. Col. Alexander S. Vindman, a top Ukraine expert on the National Security Council is testifying that trump demanded that a foreign government investigate an American citizen in exchange for Congresses approved aide. Just reached a $984 billion deficit while he lines his pockets with our tax dollars and foreign money at his resorts. $400 million in aide money was withheld from Ukraine back in August and Ukrainian leaders were told it was not red tape, that they needed to talk to Chief of Staff Mulvaney to resolve it and make a CNN statement about Biden in order to receive said aide. Rudolph W. Giuliani, the president’s personal lawyer, is running a shadow foreign policy in Ukraine that circumvents U.S. officials and career diplomats in order to personally benefit President trump. Igor Fruman and Lev Parnas. Look them up. North Korea just tested a submarine launched missile. Deserted our Kurdish allies who have been fighting ISIS with us and now are being slaughtered. All because he has a tower in Istanbul. “The Americans betrayed us. We do not trust them anymore,” she added. These used to be our Kurdish allies that stood against ISIS. He is refusing to comply with the law. He is using the power of the presidency to withhold aide to one of the worst humanitarian crisis on the planet in exchange for political favors in order to sway the 20/20 election. He is acting like a criminal and threatening the life of the whistleblower. Mr. America first is sending troops to Saudi Arabia in support of a murdering dictator who spends millions at his hotels and resorts. Corey Lewandowski testified to congress that trump ordered him to obstruct justice. He is blocking information that pertains to the safety of our country from reaching congress. He has been threatening NOAA, a federal agency, with punishment if they do not disavow the truth and side with his lies. He invited the Taliban to Camp David the week of 9/11. He is a #PussyAssBitch He’s doctoring weather maps to try and prove he’s not an idiot. He has stayed at trump properties 293 days in 3 years, that’s our tax dollars going directly into his pocket. He took money from military daycares to pay for a wall that won’t work and no one wants. The Vice President and the Attorney General are both spending tax payer dollars on trump hotels, lining his pockets and currying his favor. He has privately instructed aides to skirt laws and regulations to get the wall built faster — and told them he will pardon them if necessary. He is pressuring a government agency to give a contract for his wall to a company whose chief executive is a donor to one of his top GOP allies in Congress. He took hundreds of millions from 127 different projects (FEMA being one of those) for his wall. He thinks nuking a hurricane is an idea. He is host the next G-7 at one of his own resorts. Again our tax dollars paying him directly. He taunted Iran by tweeting a classified image of an Iranian rocket that had exploded, thereby potentially compromising U.S. intelligence capabilities. His own company would save millions from the low interest rates he is demanding. He was going to give you tax cuts through your paychecks but decided not to. This year the richest of us payed less in taxes than the rest of us. He is destroying the economy with HIS trade war. We will soon average a 1.2 trillion deficit. He is repeating NRA talking points on background checks so expect no action taken regardless of the fact there has been 27 arrested over threats to commit mass attacks since El Paso( NOT TOLEDO). He made fun of republicans being afraid of the NRA and then caved after a 30 minute phone conversation with them. He bragged about indefinite child detention because it brings families together. He is refusing flue shots, that protect us all(google influenza pandemic), to immigrant children. He is attacking fellow congresswomen in really disgusting ways and making anti-Semitic remarks about Jews calling them disloyal. He thinks he’s the chosen one based on a conspiracy theory web sight. He has: Obstructed Justice. Is profiting from the Presidency. Colluded - They had a meeting & lied about it. Advocated political & police violence. Abuse of power. Engaging in reckless behavior. Persecuting political opponents. Attacking the free press. Violating immigrants Right to Due Process. Violating campaign finance laws. Racist: Speaks directly to and often tweeting straight from white supremacists. Calls them very fine people. Told fellow congresswomen to go back where they came from. Called them shit hole countries. Called them murderers and rapists. Calls her Pocahontas. Took out full page adds calling for the death of five innocent black kids in New York, 1989. Literally has said in an interview he has Hitlers speeches, My New Order in his nightstand. Our Money: Spent campaign finance money on hush payments to silence a porn star he had an affair with in order to hide it from the voters. Has spent over $100 million of our tax dollars playing golf at his own golf courses. Has never divested from companies and advertises and profits off the White House. Was going to cut Medicaid and Medicare funding to pay for the tax cuts he gave to the rich. Is actively destroying farmers lives with his trade wars that we all know only hurts our pockets not Chinas. Has made the lives of every truck driver across America as well as our own, more dangerous by removing safety regulations that only benefits the pockets of the CEOs of those companies. Has removed any and all protections we had in place from work safety, environment, women’s rights, LGBTQ rights and gives that power back to the CEOs, oil companies, men and old white men. Saudi funded lobbyist rented 500 rooms at a trump hotel he never divested from right after he became president. Wonder why? Sexual Predator: Accused by more than 20 women of molestation and rape. Bragged about said molestation on tape. Has cheated on all three wives (see above). Has made sexual remarks on camera about his daughter. Belittles and bully’s women. Not even sure he’s aware he has two daughters. Idiot: Has allowed North Korea to grow there nuclear weapons program. Took the side of Putin over America’s own security agencies on the national stage. Lacks the intelligence and facts needed to communicate on a global level much less national one. Makes policy decisions based on FOX media. Lies when speaks. Doesn’t believe in science and quite often displays his ignorance of it. Russia: Lied about meetings with Russians. Lied about a trump tower Moscow. Personal attorney Michael Cohen (same guy who broke campaign finance laws under trumps direction) had contacts with russian officials. National Security aide Flynn resigned over Russian contacts. Jeff Sessions recused himself because of Russian contacts. Manafort resigned because of Russian contacts. Campaign foreign policy adviser Papadopoulos met with Russians then bragged about it to Australians who then turned that info over to our FBI. Sixteen campaign officials had contacts with Russia and at least nine others new about it. Russian mobster lived in trump tower. trump casino was flagged 106 times for lax money laundering standards and same Russian frequently stayed at trump casino. Has been selling real estate to Russians for years. It really is surprising how many connections to Russians this man has. Rick Scott, Marco Rubio, Bill Posey You are my representatives. OLC policy: The indictment or criminal prosecution of a crime sitting President would unconstitutionally undermine the capacity of the executive branch to perform its constitutionally assigned functions. It’s time to do your job. You swore an oath to this country, it’s people and me to uphold the constitution. The president has never upheld that oath. How do you want to be remembered?
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    No, not the governments business or anyone else.
    Like (19)
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    This famous Diversity Act will be as popular as an outhouse in your backyard. Stinks!
    Like (17)
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    Diversity in the highest offices and boardrooms help businesses make better decisions. There have been many studies to back this up. You have interns. They can google it for you.
    Like (14)
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    This is not the governments business.
    Like (11)
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    TRANSPARENCY! always and forever
    Like (11)
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    If they are going to be considered the same as people according to the Supreme Court then they ought to be transparent as people have to be. They probably are supposed to already be doing this, but apparently are NOT DOING IT.
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    Never too much transparency.
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    Color and sexual preference are more important than work ethics and ability. No wonder I can not get a job.
    Like (9)
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    Qualified People should always be considered first. We do not base the importance of people on their race or ethnicity, but on them as a a person as a whole who acquires the needed skills to perform a particular job. Additionally, programs are now in place to provide good training for all Americans who wish to enter into various careers, including with increased knowledge can become corporate leaders regardless of race or ethnicity. The Government needs not to legislate every corner or facet of the American people. The American People must understand "life, liberty and the pursuit of happiness" is for ALL, regardless of Race or ethnicity.
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    Transparency is key!
    Like (8)
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    This is not the governments business. Forcing outcomes usually just results in worse outcomes.
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    There are to many Public Companies where Boards tend to be self perpetuating rather than looking for new blood with new ideas and looking after the interest of the people that have money invested in their companies.
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    It’s a great idea but can they be trusted to give factual data? Like from top positions down to entry level positions along with Salary data.
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    No, the government needs to work for the people not against them. This is a foolish socialist idea. The best people need to be on the board regardless of race.
    Like (6)
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    We should all be transparent in an overall agreement to share this country & planet equally, for each other committed to an outcome of altering all conditions to provide for what honors that.
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    One of my frustrations is how seemingly duplicated bills get introduced. Don’t they have a way to find near-duplicate bills. This bill is duplicative with another bill, the “Diversity in Corporate Leadership Act of 2019” (H.R.3279), that has also passed the House Financial Services Committee. Since these two bills address the same issues and have very similar provisions, they should be combined into one bill.
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