Securities Exchange Act of 1934 Amendment - Improving Corporate Governance Through Diversity Act of 2021

United States - All

Gender
Yes
Minorities
Yes
LGBTQ+
Veterans
Yes

Applicable to

All publicly traded cpmpanies in the United States

Key requirements

SUBMISSION OF DISCLOSURE.—Each issuer required to file an annual report under sub section (a) shall disclose in any proxy statement and any information statement relating to the election of directors filed with the Commission the following:
(A) Data, based on voluntary self-identification, on the racial, ethnic, and gender position of— (i) the board of directors of the issuer; (ii) nominees for the board of directors of the issuer; and (iii) the executive officers of the issuer.
(B) The status of any member of the board of directors of the issuer, any nominee for the board of directors of the issuer, or any executive officer of the issuer, based on voluntary self-identification, as a veteran.
(C) Whether the board of directors of the issuer, or any committee of that board of directors, has, as of the date on which the issuer makes a disclosure under this paragraph, adopted any policy, plan, or strategy to promote racial, ethnic, and gender diversity among— (i) the board of directors of the issuer; (ii) nominees for the board of directors of the issuer; or (iii) the executive officers of the issuer.

Penalties