Congresswoman Carolyn Maloney introduced HR 4718, which would require that the SEC establish a Gender Diversity Advisory Group. The Group would be responsible for studying and making recommendations to the Commission on strategies to promote gender diversity on public company boards. A report on the study would be required within nine months of the Group's establishment. In addition, the bill would require that the SEC amend the Exchange Act to require public companies to disclose the gender composition of their board.
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