The Securities and Exchange Commission announced that it has approved a Nasdaq proposal to remove a rule that requires companies to disclose board diversity data. This announcement follows a ruling from the Fifth Circuit Court of Appeals in which the court found such disclosure requirements unlawful. Under the original board Read More
A U.S. Court of Appeals court ruled that Nasdaq can no longer enforce its board diversity rules, vacating the Securities and Exchange Commission’s approval of a rule that requires disclosure of each board member’s racial, gender, and LGBTQ+ identification. The court found that the SEC went beyond the scope of Read More
The California Civil Rights Department (CRD) announced it has reached a $54 million settlement agreement to resolve allegations that gaming company Activision Blizzard discriminated against women at the company. Headquartered in Santa Monica, California, Activision Blizzard is known for many popular video game franchises, including “Call of Duty,” “World of Read More
Legislation passed by California lawmakers on Aug. 31 would require employers in the state with 15 or more employees to disclose their hourly pay or salary range for all job postings. Governor Gavin Newsom has until Sept. 30 to approve or veto the bill, S.B. 1161, which passed by a Read More
A new report gives some companies a failing grade for racial and gender pay equity and their efforts to disclose and act on such pay disparity. Goldman Sachs, Facebook, Disney, Oracle, and Walmart were among the companies that received an “F” for their public pay equity disclosures and practices. Of Read More
Corporate compliance officers are getting more involved in diversity and inclusion efforts, using their expertise in helping employees adhere to laws and company policies to push for change. Many companies made commitments to promote racial equality last year following the murder of George Floyd while in police custody, including by hiring and Read More
