NATIONAL – Sen. Robert Menendez (D-NJ), chairman of the Senate Democratic Hispanic Task Force and the only Latino Democrat in the United States Senate, today announced the commencement of a third survey to continue to measure the progress leading companies have made on the issue of corporate diversity.
This year’s survey focuses exclusively on Fortune 100 companies to gain deeper insight of female and minority representation at the nation’s top performing companies, as well as their use of minority-owned and women-owned businesses in the contracting and procurement process.
Specifically, the survey assesses the diversity of corporate boards, executive teams, suppliers, professional services, and capital investments and capital allocations. Aggregate data compiled from companies through this survey will be publicly presented later this year. As in previous years, individual company data will not be made public.
“For the third year, I invite our nation’s major corporations and firms to participate in this important venture to assess the representation of women and racial and ethnic minorities at our nation’s top companies,” said Menendez.
“I believe that inclusion of women and minorities in board rooms, C-suites, and among suppliers is important not only because it is the right thing to do, but because it is good for business,” said Menendez. “In addition, the purchasing power of both Latino and Black consumers exceeds an estimated $1 trillion, making communities of color a key driver of economic influence.”
“As the United States grows more diverse, companies that have boards and senior management reflective of today’s demographics and consumer wealth will be better positioned to compete in the marketplace,” the lawmaker said.
Connect with NJTODAY.NET
Join NJTODAY.NET's free Email List to receive occasional updates delivered right to your email address!