Honorable Maxine Waters, Chairwoman of the U.S. House Committee on Financial Services, and Honorable Joyce Beatty, Chair of the Subcommittee on Diversity and Inclusion, recently released a report titled, “Diversity and Inclusion: Holding America’s Large Banks Accountable,” which serves as a deep dive into the actions the Committee will take regarding the diversity practices of financial services and a guide for banks and other financial institutions to follow.
a Human Touch
The Perfect Balance
The 116th Congress has released new rules and select committees for the new year. Of these changes include the establishment of a new Office of Diversity and Inclusion that will report on its workforce and produce a diversity plan. House Democrats are also pushing for more diversity among the corporate executives and board members, an initiative led by California Democrat Maxine Waters, Chair of the House Financial Services Committee, who is determined to use her influence to increase the number of women and minorities in the top positions in the nation’s corporate sphere.
The Federal Housing Finance Agency (FHFA)’s Office of Minority and Women Inclusion (OMWI) has just released its strategic plan for increasing diversity and inclusion (D&I) in housing finance for years 2019-2021. The FHFA outlines three goals to help fulfill its equal employment opportunity (EEO) mission and increasing D&I efforts at the Enterprises, including Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System, comprising 11 Banks and the Office of Finance. The plan also includes how the FHFA will support D&I in the 2008 Housing and Economic Recovery Act (HERA) and the 2010 Dodd-Frank Act.
Women in the Housing & Real Ecosystem (NAWRB) is seeking additional senior executive women to join our exclusive NAWRB Diversity & Inclusion Leadership Council (NDILC). By cultivating and leveraging each other’s resources to advance gender equality and women’s economic growth, we will help more women achieve leadership positions.
After a jam-packed morning of information and new industry developments, our conference attendees were treated to an informal panel session led by NDILC (NAWRB Diversity and Inclusion Leadership Council) Chairwoman, President & CEO of NAWRB Desirée Patno, Co-chair Vanessa Montañez, and Council Members Sarah Goldfrank, Dr. Chitra Dorai, Stacey M. Walker, and Teresa Palacios Smith.
Amazon recently announced a pledge to include women and minorities candidates for board positions to address the company’s lack of diversity—with only three female board members out of 10 total. The change is a response to shareholder complaints, after Amazon’s board of directors initially rejected suggested policy changes to its board nomination process.