Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
WASHINGTON, DC, Feb. 2, 2016 -- The United States Hispanic Chamber of Commerce (USHCC) commends U.S. Securities and Exchange Commission (SEC) Chairman Mary Jo White for advocating a new initiative focusing on boardroom diversity. This proposal will require companies to provide more details about the diversity of their directors, including the racial or gender composition of their boards.
"The USHCC is thrilled to support Chairman White's efforts to advance diversity in the boardroom. The business case for diversity is unassailable— the principled approach is the profitable approach. Boardroom diversity promotes the financial health and success of companies," said USHCC President & CEO Javier Palomarez. "But more than that, boardroom diversity also reflects the changing face of America. We look forward to working with the Securities and Exchange Commission to see this initiative adopted in 2016."
"Companies with diverse boards make better decisions that support all stakeholders," said USHCC Chair Raymond Arroyo. "This creates greater adaptability and more innovative ideas—qualities that ultimately result in an improved reputation and strengthened brand. The USHCC commends Chairman White for recognizing the vital importance of boardroom diversity."
This new proposal builds upon rules adopted by the SEC in 2009, which requires companies to disclose whether a nominating committee considers diversity in appointing board directors. The new initiative would provide more information to investors, allowing them to assess different aspects of diversity.
About the USHCC
The USHCC actively promotes the economic growth, development and interests of more than 4.1 million Hispanic-owned businesses, that combined, contribute over $661 billion to the American economy every year. It also advocates on behalf of 259 major American corporations and serves as the umbrella organization for more than 200 local chambers and business associations nationwide.
For more information, visit www.ushcc.com.
CONTACT: Nidya Sarria
Senior Communications Manager
786-514-1311
