Monday, 18 April 2016
Last month the Gender Diversity in Corporate Leadership Bill (H.R. 4718) was introduced in the House of Representatives by Rep. Carolyn B. Maloney and referred to the House Committee on Financial Services. If enacted the Bill will, amongst other things, amend the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission to require issuers to disclose the gender composition of the issuer's board of directors, and nominees for it, in any proxy or consent solicitation material for an annual shareholders meeting. A copy of the Bill is available here (pdf) and its progress can be followed here.