Home / Internet / Amazon adopts new policy to promote board diversity – CNET

Amazon adopts new policy to promote board diversity – CNET

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Amazon’s board of administrators has followed a brand new coverage to extend variety in its ranks.

Ben Fox Rubin/CNET

Amazon mentioned Monday it is adopting a brand new coverage to advertise variety in its board of administrators club, agreeing with a shareholder proposal it had to start with adverse.

“The Amazon Board of Administrators has followed a coverage that the Nominating and Company Governance Committee come with a slate of various applicants, together with girls and minorities, for all director openings,” Amazon mentioned in a submitting with the USA Securities and Change Fee.

The brand new coverage comes as Silicon Valley firms grapple with build up staff variety in an trade ruled through white males and permeated with company cultures that appear biased towards girls and feminine engineers. Google, Fb, Microsoft and different tech firms now frequently unlock variety studies, highlighting low percentages of girls and minority workers, with few shifting up the control chain.

Amazon’s board has 10 individuals, all of whom are white, together with 3 girls. The Congressional Black Caucus criticized the corporate’s board for urging shareholders to vote towards an offer to institute a “Rooney rule,” an NFL edict that calls for groups to interview minorities for training or best govt positions.

Amazon mentioned in its submitting that the brand new coverage “formalizes a tradition already in position,” even if it wasn’t transparent why the corporate’s board to start with adverse the proposal. Amazon’s VP of public coverage Brian Huseman sought to explain the corporate’s place in a letter to the Congressional Black Caucus.

“We reached this determination after being attentive to your comments in addition to that from Amazon workers, shareholders, and different stakeholders concerning the Board variety proposal,” he mentioned. “Those conversations led us to rethink each our determination at the shareholder proposal and the way we defined our preliminary advice.”

Amazon did not right away reply to a request for added remark.

Recode first reported the advance.

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