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.
ANALYSIS-The U.S. state with the most detailed corporate diversity disclosures Reuters 1 day ago
By Ross Kerber and Jessica DiNapoli
May 11 (Reuters) - 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.
The U.S. state with the most detailed corporate diversity disclosures
Aerospace company Boeing Co BA.N was explicit, naming who among its dozen directors were women, Asian and African American. Agricultural giant Archer Daniels Midland Co ADM.N 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.
Companies, investors and elected officials will watch closely what happens next with the state’s rare requirement for director-by-director declarations.
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ADM to build $350 million soybean plant in North Dakota
The Associated PressMay 11, 2021Agriculture News
ADM to build $350 million soybean plant in North Dakota
BISMARCK, N.D. (AP) Agribusiness conglomerate Archer Daniels Midland Co. on Monday announced that it will build a $350 million soybean crushing plant in North Dakota.
It’s the state’s first dedicated soybean plant, the Decatur, Illinois-based company and North Dakota Gov. Doug Burgum said.
Archer Daniels Midland said the plant and refinery in Spiritwood, in east-central North Dakota, would create 70 jobs and process up to 150,000 bushels of soybeans daily. It’s expected to be completed by the 2023 harvest.