NYC Comptroller Wields New Clout in Boardroom Diversity Drive

By Ross Kerber 

BOSTON (Reuters) - New York City Comptroller Scott Stringer is wielding more clout as he presses more than 150 U.S. companies to detail plans to diversify their boardrooms.

Stringer oversees $181 billion in city pension fund assets. In a statement emailed by his staff to Reuters this week, he said he had gained leverage in the diversity campaign from a three-year-old push for companies to adopt so-called proxy access rules that give outside investors more power to nominate corporate board directors.

At companies now following those rules, or where they have been supported by investors, Stringer is now seeking more disclosures about the race and gender of current directors and their skill mix, the statement said. 

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Source: Reuters (via The Empire Report)