Congressman Meek’s H.R.5084
Disclosure of diversity mandated
Congressman Gregory W.
Meeks’ diversity bill H.R. 5084
,the “Improving Corporate
Governance Through Diversity
Act of 2019” (H.R. 5084)
passed the House.
Said the Congressman,
“The ‘Improving Corporate
Governance Through Diversity
Act of 2019’ is the culmination
of years of work dedicated
to increasing transparency so
that the highest levels of corporate
America can begin to
reflect the diversity of America.”
This Diversity legislation
does the following: Disclosure
Requirements - Public companies
will be required to publish
diversity data annually in
their proxy statements, based
on voluntary self-identification,
regarding the racial, ethnic,
and gender composition of
their board of directors, nominees
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MEMBER:
Team Delta JFK participates in Covenant House Sleep Out America with volunteers
from Delta, CLPA and Russos on the Bay. Photopage by Jeff Yapalater
B.Nard M. Rawls readies himself with
cardboard mattress and sleepng bag
for cold night out.
for the board of directors,
and executive officers.
When the bill was first introduced
in February of 2016
and co-sponsored by Sen.
Menendez, Meeks stated.
“Diversity has been proven
to have a positive impact on
business performance, and it
is only natural for investors
to want to know which companies
are choosing to bring
in a wealth of different perspectives
into their corporate
board rooms. Revealing the
gender, racial, ethnic and veteran
makeup of these corporate
C-suites and boardrooms
will not only shed light on the
value of diversity, but hopefully
encourage corporate
shareholders to increase diversity
in the highest ranks of
their corporations.”
Public companies will also
have disclosure requirements
on the adoption of any board
policy, plan or strategy to
promote diversity. Similarly,
companies will publish data
on those who have voluntarily
self-identified as veterans.
Institutes Best Practices -
The bill directs the Director
of the Office of Minority and
Women Inclusion of the SEC
to publish, every three years,
best practices for compliance
with the disclosure requirements
of this bill, including
through solicitation of public
comments.
The bill also directs the Office
of Minority and Women
Inclusion at the SEC to establish
an Advisory Council, that
includes issuers and investors,
to advise on these best
practices.
Rep. Meeks issued the following
statement:
“The ‘Improving Corporate
Governance Through
Diversity Act of 2019’ is the
culmination of years of work
dedicated to increasing transparency
so that the highest
levels of corporate America
can begin to reflect the diversity
of America.
“Studies have shown that
the lack of diversity in Csuites
and corporate boards is
not only an injustice, it is a detriment
to business and a hindrance
to innovation. Bringing
diversity to the highest
levels of corporate governance
will make companies more accountable
to the public and
to the economy, and improve
their financial performance,
as studies have shown.
“The benefits achieved
through these disclosure requirements
are why HR. 5084
has earned broad bi-partisan
support across civil rights
groups, corporate America
and investors alike. I am very
proud to have passed this legislation
through the House,
and look forward to working
together with the Senate to
pass it into law.”
The Congressman is cochair
of the JFK Redevelopment
Advisory Council and as
such is proponent of 30%minority
inclusion into all airport
contracting and concession
hiring.
Sleep Out America
Delta inspires participants
On November 20, thousands of people
took to the streets in a Sleep Out America
an opportunity to offer solidarity and
support to the ever-growing population
of youth facing homelessness in America.
The program is run by Covenant House,
the privately funded nonprofit service organization
serving homeless young people
in America.
At JFK, more than a dozen Delta,
CLPA and Russo’s restaurant gave up
their the warmth bed and the comfort
home to sleep outside Terminal 4,
JFKIAT to show support for the thousands
of youth with nowhere else to go
every night. The Covenant house of New
York began this Sleep Out years ago
and now Delta workers across the country
bundle up to spend a night outside.
JFKIAT JFK, participants, who also
help to raise money for the cause, were
provided knit hats, sleeping bags and a
big flat box to be used as a mattress. They
lined up against cold concrete walls and
tried to make themselves comfortable
which wasn’t really easy.
According to Stephanie Baldwin, of
major sponsor Delta, when asked why
she was there, she replied “ Its for homeless
youth. It is an opportunity for us
to show solidarity with them and give
back. That’s what Delta prides itself on,
serving the communities which we live
in and that we are part of and that is exactly
what we are doing tonight. And we
raised over $20,000 from this group of
people here; we raised over $20,000!”
Baldwin also recounted how the
group reacted in the morning after
some, but not all slept. Stephanie herself
was not one that was able to sleep.
“Most of them talked about how unsettling
it was and how difficult it was to
wrap their heads around the fact that
this is someone’s reality on a day in
and day out basis. To not know where
you’re going to sleep, whether or not
you’re going to be safe, where are you
will get a shower or will whatever little
belongings you have still be there
in the morning was a tough realization
for some of them.”