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Stories of Interest
- Banca IMI Securities to Pay $35Mn for Improper Handling of ADRs in Continuing SEC Crackdown
- Members of White House ‘Arts Panel’ Resign En Masse in Protest of Trump
- FINRA Whiffs on Disciplinary Sanction: Bill Singer's 'Negligent Market Manipulation in OTC Stock Promotion'
- Heather Heyer’s Mother Says, ‘I’m Not Talking to the President’
- Goldman Sachs May Have Lost $100Mn on Energy Bet Gone Wrong
- SEC Drops Case Against Ex-JPMorgan Traders Over 'London Whale'
- Financial Advisers That Invest in Technology Need to Accomplish These Two Things
- FINRA Amends Codes Regarding Expedited Arbitrator List Selection
- FINRA July 2017 Quarterly Disciplinary Review (Podcast)
- Senior Exec in Citigroup's Equities Unit Has Left
- Prudential Plotting its Escape From Fed's Tough Oversight
- Why CEOs Spurned Trump's Business Councils, in Their Own Words
- A Stockbroker, Her LLC, and Her Customers' Loans (Or Investment?) - Bill Singer
- Brian Quintenz Sworn In as CFTC Commissioner
- A Gary Cohn Resignation Would 'Crash the Markets' – Mgmt Guru Jeffrey Sonnenfeld
- Trading Firm DRW to Buy RGM Advisors - As Low Volatility Forces Out Weak HFT Players (subsc reqd)
- Reputational Damage - Rajat Gupta on Hard Road to Recovery
- 7th Circuit Affirms Spoofing Conviction - Bill Singer
- Wells Fargo Announces Board Changes
- Judge Rules Against Ex-Goldman Employee in Fed Leak Case
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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.]