Money managers regulated by the Securities and Exchange Commission have another tool to help them assess their diversity policies and practices.
The SEC's office of minority and women inclusion now offers a "Diversity Assessment Report for Entities Regulated by the SEC" that allows firms to assess themselves.
The report also provides a template for submitting information to the SEC and the five other federal financial regulatory agencies that share joint standards for diversity policies.
Use of the joint standards is voluntary, as is conducting self-assessments and providing that information. Federal diversity officials encourage companies to publish those self-assessments on their company websites.
SEC officials may use the information from self-assessments to identify which of the joint standards policies and practices have been adopted by firms, and to highlight successful practices.
Pamela Gibbs, director of the office of minority and women inclusion, said in a statement that the assessment report "is an important step in our efforts to understand the diversity and inclusion efforts of our regulated entities, as well as promote transparency and awareness in this area."
The OMWI website has a set of frequently asked questions with more information about the joint standards and the assessment report.