Companies' proclamations in support of the Black Lives Matter movement haven't been backed up by solid data about those firms' actions.
More than 100 of the country's largest public companies said little about their workplace demographics when asked byearlier this year. Those that did start reporting metrics showed much progress left to be made. General Electric, for example, revealed 76% of its US workforce was white, and women made up just 26% of its global leadership.
Commitments to invest in a more equitable economy have also yielded unclear results. The country's 50 biggest companies and their foundations pledged nearly $50 billion to address racial inequity in the wake of Floyd's murder, according to. Yet just $4.2 billion of that sum has been doled out as grants. And of that, only $71 million went to organizations focused on criminal justice reform.
Conversely, more than $45 million was dispersed as loans or investments, meaning the businesses spending that money could profit from the payments. More than half of that sum went toward mortgages, according to the Post.Gensler's tweet isn't the first time the SEC has sought more detailed disclosures. The agency pushed companies to publish descriptions of their workforces — also known as human-capital resources — in an August 2020 rule change.
The update was encouraging, but it didn't take long for regulators to realize the rule had no teeth. Companies, for the most part, just didn't provide the details investors wanted most. The change was too"generic and vague" to make a difference, Democratic SEC commissioner Caroline Crenshaw said in an August 2020More recently, the SEC approved an update that forced companies listed on the Nasdaq exchange to meet minimums for gender and ethnic diversity on their boards.
Considero importante que las empresas mejoren sus cifras en cuanto a la diversidad de sus colaboradores, pero estas nuevas políticas de contratación también deben estar fundamentadas en la meritocracia para que quienes ingresen a las empresas sean los más capaces carlosamarin
What about their own corruption? How does the SEC feel about that and what is the game plan to fix it?
Prices and inflation are going up nonstop but we don't care about that do we