The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 directs the above identified federal regulatory agencies (“Agencies”) to develop standards for assessing the diversity policies and practices of the entities regulated by the Agencies. Pursuant to that directive, in the October 25, 2013, issue of the Federal Register (78 FR 64052), the Agencies published the proposed policy statement Interagency Policy Statement Establishing Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies that identifies these standards and requests comment on all aspects of the proposed policy statement. These proposed standards address a regulated entity’s employment practices and its business practices with regard to the procurement of goods and services and are listed under the following four categories: (1) Organizational Commitment to Diversity and Inclusion; (2) Workforce Profile and Employment Practices; (3) Procurement and Business Practices-Supplier Diversity; and (4) Practices To Promote Transparency of Organizational Diversity and Inclusion. Download complete memorandum below
