Similar proposals will land at other companies, including American Express and Procter & Gamble.
More institutional investors are calling for equity and inclusion, but challenges remain in disclosures and transparency.
The president of Northern Trust Asset Management has written several open letters about the unequal toll marginalized communities face.
Asset Management Culture
Capital allocators must understand the importance of supporting positive change that benefits their stakeholders and society at large, sustainable investing experts argue.
Verus and others have formed a diversity coalition as institutional pressure grows for greater racial equity.
There has never been an African American chair of the SEC, CFTC, or FDIC.
Compensating descendants of slaves is controversial, but the idea has gained traction in recent years.