{"id":36668,"date":"2021-06-08T21:59:00","date_gmt":"2021-06-08T21:59:00","guid":{"rendered":"https:\/\/www.dinsmore.com\/?post_type=publications&#038;p=36668"},"modified":"2025-10-03T22:00:52","modified_gmt":"2025-10-03T22:00:52","slug":"esg-principles-at-work-in-diversifying-governance","status":"publish","type":"publications","link":"https:\/\/www.dinsmore.com\/publications\/esg-principles-at-work-in-diversifying-governance\/","title":{"rendered":"ESG Principles at Work in Diversifying Governance"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.dinsmore.com\/wp-content\/uploads\/2021\/06\/Richik_BankDirector-Banner.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p>Dinsmore&#8217;s Richik Sarkar was published in <a href=\"https:\/\/www.bankdirector.com\/committees\/governance\/esg-principles-at-work-in-diversifying-governance\/\">Bank Director<\/a> this week discussing the need for diversity and inclusion within governance structures. Read an excerpt below.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><em>Organizations lacking diversity in their corporate leadership could be potentially subjected to shareholder lawsuits, increased regulation and directives by state laws, investment bank requirements, and potential industry edicts.<\/em><\/p>\n\n\n\n<p><em>Board and management diversity is undoubtedly a high-priority issue in the banking and financial services sectors. Numerous reports establish minority groups have&nbsp;<a href=\"https:\/\/insight.kellogg.northwestern.edu\/article\/black-owned-businesses-access-capital-financial-institutions-change\">historically been denied access to capital<\/a>, which is mirrored by the lack of minority representation on the boards of financial institutions.<\/em><\/p>\n\n\n\n<p><em>Some progress has been made. For example, for the first time in its 107-year history, white men held fewer than half of the board seats at the Federal Reserve\u2019s 12 regional outposts. This was part of an intentional effort, as Fed leaders believe a more representative body of leaders will better understand economic conditions and make better policy decisions. However, further analysis reflects such diversity predominantly among the two-thirds of directors who are not bankers, while the experienced banking directors are mainly white males.<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>Read the full article <a href=\"https:\/\/www.bankdirector.com\/committees\/governance\/esg-principles-at-work-in-diversifying-governance\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dinsmore&#8217;s Richik Sarkar was published in Bank Director this week discussing the need for diversity and inclusion within governance structures. Read an excerpt below. Organizations lacking diversity in their corporate leadership could be potentially subjected to shareholder lawsuits, increased regulation and directives by state laws, investment bank requirements, and potential industry edicts. Board and management\u2026<\/p>\n","protected":false},"author":8,"featured_media":0,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"tags":[],"publication-type":[8],"class_list":["post-36668","publications","type-publications","status-publish","format-standard","hentry","publication-type-articles"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ESG Principles at Work in Diversifying Governance - Dinsmore &amp; Shohl<\/title>\n<meta name=\"description\" content=\"ESG Principles at Work in Diversifying Governance Read insights and legal analysis from attorneys at Dinsmore &amp; Shohl LLP.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dinsmore.com\/publications\/esg-principles-at-work-in-diversifying-governance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ESG Principles at Work in Diversifying Governance\" \/>\n<meta property=\"og:description\" content=\"ESG Principles at Work in Diversifying Governance Read insights and legal analysis from attorneys at Dinsmore &amp; 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