BROWSE BY TOPIC
Stories of Interest
- Address at ICI's 2017 Securities Law Developments Conference - SEC Commissioner Stein
- New York Pension Fund Seeks More Pay Disclosure from Wells Fargo
- Wells Fargo Sanctions Are on Ice Under Trump Official
- Josh Brown: Here's How to Buy Bitcoin, But Realize It Could Be One Giant Bubble
- Trump's New Tax Plan Could Cost Citigroup $20 Billion
- Morgan Stanley Fires Former Congressman Harold Ford Jr.
- Al Franken Will Resign Over Sexual Misconduct Allegations - His Full Resignation Speech
- Ex-NFL Player Gets 40 Years for Running $10Mn Fraud
- Bitcoin Blows Past $15K, Adding $2K in Under 12 Hours
- Financial Adviser Settles Charges for Defrauding Private Equity Fund Investors
- New Cross Market Equity Supervision Report Cards - FINRA Phone-In Workshop, WebEx Presentation
- Mueller Just Crossed Trump's Red Line, With Deutsche Bank Subpoena
- Wildfire Rages Near Los Angeles
- Former Company Insider Has $4.1Mn Payday as a Whistleblower
- Audit Firm, Anton & Chia, Conducted Fraudulent Audits of Penny Stock Companies - SEC
- Mueller Subpoenas Deutsche Bank Records on Trump and Family
- Bitcoin Nearly Halfway to $400Bn Value Predicted by Winklevoss Twins 4 Years Ago
- Fidelity Clients Suffer Second Website Glitch in Week
- CBOE Beats CME to Bitcoin Futures Launch with December 10 Start
- McKinsey Senior Exec Thomas Barkin Named New Head of Federal Reserve Bank of Richmond
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
NEWSLETTERS & ALERTS
That Ain’t No Bull: State Street Supports Gender Equality
[Photo: Bronze Statue of Girl in Front of the Iconic Wall Street Bull in downtown Manhattan - by Federica Balabrega]
State Street Global Advisors CEO Ron O’Hanley announced that his firm is taking a stand, front and center, in support of gender equality. On Tuesday, one day before International Women’s Day, the firm placed a bronze statue of a young girl by Kristen Visbal in front of the iconic Wall Street bull in downtown New York. It will remain in place for the month of March – “In like a lion, Out like a lamb.”
The Boston-based giant investment giant also adopted new guidelines to press the 3,500 public companies in which it invests to increase the number of women on their boards. In doing so, State Street points to some very telling statistics: (i) one out of every 4 Russell 3000 companies has no women on its board; and, (ii) nearly 60% have fewer than 15% of women directors on their boards.
State Street Corp. Chairman and CEO, Jay Hooley, trumpeted the parent company’s supporting position by posting on the internet the its State Street Policy on Equal Employment Opportunity.
February 6, 2017
At State Street, commitment to diversity is an essential element of our culture. We want our organization to mirror the clients and communities we serve. And we know that providing an environment that supports a diverse and inclusive workforce is both the right thing to do and smart business strategy. Toward that end, State Street maintains a global Equal Employment Opportunity (EEO) Policy that prohibits unlawful discrimination against employees and prospective employees. We also take seriously our obligations as a federal contractor to maintain an Affirmative Action Program (AAP) in the United States, under which we work to identify areas of underrepresentation for women, minorities, individuals with disabilities, and protected veterans. We then take good-faith, non-discriminatory steps to help increase the participation of these groups in our workforce.
Overall responsibility for administering the EEO Policy and the AAP is assigned to our global head of Employee Relations in Global Human Resources, who is also responsible for designing and implementing the audit and reporting system described below to monitor compliance with our obligations as a federal
contractor. With both of these initiatives, State Street’s objective is to ensure that personnel decisions are based on legitimate job requirements, and not on the basis of race, color, religion, creed, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status or any other protected characteristics. These policies cover all kinds of personnel matters, including recruiting, hiring, promotion, discipline, transfer, training, compensation, benefits and separation decisions.
[Click above link for State Street's complete Policy.]