Heads-Up for the 2021 Proxy Season: Focus on Diversity Disclosure
In 2021, public companies will need to focus more than ever on addressing diversity, equity and inclusion (DEI) organization-wide. Companies are facing pressure from state legislatures, institutional investors and other stakeholders to enhance their DEI efforts and corporate leaders are making public commitment to advance such efforts. As companies focus on their proxy statements for their 2021 annual meetings, it is important to understand the lens through which their various constituencies will scrutinize board and workforce diversity disclosure and prepare disclosure that provides a meaningful picture of the company’s board diversity and DEI initiatives.
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