With stakeholders continuing to look for disclosure about board diversity, we’re starting to see increased company disclosure. To help stakeholders compare disclosure practices, KPMG (along with the help of ESGauge) recently launched a free new tool that tracks disclosure about board diversity. Here’s the press release, which includes some initial findings and a link to the tool.
KPMG’s tool facilitates comparison of disclosure practices by sector, index (Russell 3000 and S&P 500) and company size. When preparing next year’s proxy statement disclosure about board diversity, this tool might help in-house counsel see how much companies in their industry and size range are disclosing about board and individual director diversity and related policies and help ensure their disclosure is keeping step!
For more board diversity info, Deloitte and the Alliance for Board Diversity recently released a 44-page report examining representation of women and racial/ethnic minorities on boards among Fortune 100 and Fortune 500 companies. See this Cooley blog for a recap of some of the report’s findings.
– Lynn Jokela