Board Diversity—DiverseIQ reported on board diversity disclosure trends based on its review of the more than 900 Russell 3000 proxy statements filed to date.
Disclosure of at least one quantitative measure of board diversity has declined ~20% season-over-season across all companies, as shown here:
Notably, with the elimination of the board diversity disclosure requirement, disclosure among Nasdaq companies declined nearly 35% season-over-season, compared to a decline of about 15% for NYSE companies.
The disclosure by Nasdaq companies of the board diversity matrix has dropped sharply from 87% last season to 38% this season.
Additional season-over-season comparisons are below.
Workforce Diversity—Using 10 select S&P 100 companies as a strategic sample, Dragon GC’s report: “Navigating DEI Disclosure Amid Regulatory Shifts: Insights from Select S&P 100 Companies’ 10-Ks and Proxy Statements” illustrates DEI-related disclosure trends and changes in disclosure practices in Form 10-Ks and proxy statements based on a study of disclosures over a several year period through early 2025. Companies included in the study were Apple, Microsoft, JPMorgan Chase, Berkshire Hathaway, Walmart, Target, Citigroup, Intel, Southern Company, and Exxon Mobil.