Reuters exclusively reports as fund board diversity lags, U.S. SEC advisers push for details on race, gender

Reuters reported exclusively that mutual fund boards would be required to disclose information on the gender and racial diversity of their directors under a rule change recommended to the top U.S. securities regulator. The suggestion from an advisory subcommittee of the U.S. Securities and Exchange Commission (SEC), which would need further approval, mirrors a growing focus from other quarters on the financial industry’s lack of diversity.