Every year, DiversIQ reviews S&P 500 proxy statements for disclosure of the presence of a Rooney Rule policy for director searches. In response to a member inquiry regarding current practices based on the changed regulatory landscape, DiverseIQ provided us with the following data based on the 454 S&P 500 companies had filed their proxy statements as of July 3, 2025:
- 120 companies disclosed having a Rooney Rule policy for director searches, down from 220 last year.
- Of the 220 companies with a policy last year, 119 retained it, while 101 removed it.
- Only 1 company adopted a new policy this year.