It has been nearly five years since the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was signed by President Barack Obama, but elements of the law are still being clarified through the rule-making process. The most recent set of Dodd-Frank regulations to surface is in the area of corporate diversity and inclusion.
The joint standards, based on Section 342 of Dodd-Frank, were issued by six federal agencies, including the U.S. Securities and Exchange Commission and the Consumer Financial Protection Bureau, and apply to the entities that these agencies regulate. The standards give employers an idea of how they should encourage diversity, evaluate their progress and build a more inclusive workforce in a transparent manner.
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