1. Vanguard to Push Companies on Racial Diversity Next Year

    Vanguard to Push Companies on Racial Diversity Next Year

    (Bloomberg) -- Vanguard Group Inc. said it plans to vote against company directors who fail to push for greater racial and gender diversity on their boards. The money manager, which oversees $6.3 trillion, acknowledged that corporations are in the early stages of developing their boardroom diversity strategies, and that regional differences and regulations need to be considered...

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    1. But when we see a lack of commitment to progress on diversity, for example, a board lacking any gender diversity or any racial or ethnic diversity, we become concerned that long-term shareholder returns may suffer.
    2. In such cases, we may hold nominating committee chairs or other relevant directors accountable.
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