[PDF] Liu, Pension Funds Reach Agreement With AIG, BNY Mellon, And US Bancorp To Disclose Race And Gender In Workforces [USA]

Author: John C. Liu, New York City Comptroller, Published on: 9 April 2013

Comptroller John C. Liu and the New York City Pension Funds today announced that AIG (NYSE: AIG), BNY Mellon (NYSE: BK), and US Bancorp (NYSE: USB) have agreed to provide meaningful disclosure of the composition of their U.S. workforces by race and gender – part of a broad push by the funds to promote diversity and equality at portfolio firms. The three companies will provide annual disclosure of their workforce demographics across major job categories, including senior management. The Pension Funds last year secured similar agreements with Goldman Sachs (NYSE: GS) and MetLife (NYSE: MET). The Comptroller’s office is further asking several major advertising firms to make this information publicly available and is also seeking more boardroom diversity at key firms – in a pair of shareholder resolutions to be voted on in the coming months…Women on average earn less than men, and closing the wage gap goes hand-in-hand with ensuring overall workforce diversity…[Also refers to CF Industries, Freeport-McMoRan Copper & Gold, Interpublic, Omnicom]

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Related companies: AIG BNY Mellon Freeport-McMoRan Goldman Sachs Interpublic Group Metlife Omnicom US Bancorp