
Law, Business and Society 11th Edition by Tony McAdams
النسخة 11الرقم المعياري الدولي: 978-0078023866
Law, Business and Society 11th Edition by Tony McAdams
النسخة 11الرقم المعياري الدولي: 978-0078023866 تمرين 25
Government-Mandated Diversity
The 2010 Dodd-Frank Act includes a provision creating Offices of Minority and Women Inclusion at various government agencies (Treasury Department, Securities and Exchange Commission, the Consumer Financial Protection Bureau, and so on) charged with regulating the banking industry. Those offices are monitoring racial and gender diversity at the government agencies themselves as well as private law firms, accounting firms, investment banks, and others contracting and subcontracting with the agencies. If an agency compliance director determines that a contractor has not made a good faith effort to achieve a diverse workforce, the contract may be cancelled, among other possible remedies. One man-aging director at a minority-owned investment firm said the law may give firms like his "a chance to compete."
Question
Should the government intervene to improve opportunities for women and minorities in the investment banking industry
The 2010 Dodd-Frank Act includes a provision creating Offices of Minority and Women Inclusion at various government agencies (Treasury Department, Securities and Exchange Commission, the Consumer Financial Protection Bureau, and so on) charged with regulating the banking industry. Those offices are monitoring racial and gender diversity at the government agencies themselves as well as private law firms, accounting firms, investment banks, and others contracting and subcontracting with the agencies. If an agency compliance director determines that a contractor has not made a good faith effort to achieve a diverse workforce, the contract may be cancelled, among other possible remedies. One man-aging director at a minority-owned investment firm said the law may give firms like his "a chance to compete."
Question
Should the government intervene to improve opportunities for women and minorities in the investment banking industry
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Law, Business and Society 11th Edition by Tony McAdams
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