N.Y.C. Official Calls for Mandatory Diversity Effort in the Boardroom

This morning, Scott Stringer plans to announce a new stage to his office’s Boardroom Accountability project: demanding that companies consider women and ethnic minorities in their searches for C.E.O.s and board members.

The comptroller will ask directors of 56 companies to adopt a version of the N.F.L.’s Rooney Rule, which requires the league’s teams to interview ethnic minority candidates for head coach roles or other senior operational positions.

He points out that as of last year, roughly two-thirds of board members at Fortune 500 companies were white men. And of this past May, the percentages of Fortune 500 C.E.O.s who were not part of that demographic were in the single digits.

“In New York City, we refuse to believe that diverse candidates don’t exist,” Mr. Stringer said in a statement. “As a pension system, we want to invest in 21st-century companies that represent the future — not companies with management teams that look like they’re out of the 1950s.”

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