Analysis: What happened when a U.S. state required details on corporate diversity
Reuters | May 11, 2021 09:00 PM EDT
CEO of Morningstar Inc Kunal Kapoor poses for a portrait in Chicago, Illinois, (Photo : REUTERS/Eileen T. Meslar)
Aerospace company Boeing Co was explicit, naming who among its dozen directors were women, Asian and African American. Agricultural giant Archer Daniels Midland Co offered a more general accounting, saying its board was 55% diverse.
Illinois officials have seen the range of responses from local companies - many with international profiles - to new state requirements they identify the gender and race or ethnicity of each board member. The regulators say they are going to push all to be more like Boeing.