Gender Diversity in Corporate Leadership Act of 2016
This bill directs the Securities and Exchange Commission (SEC) to establish a Gender Diversity Advisory Group, composed of government, academic, and private sector representatives, to study strategies to increase gender diversity among the members of the boards of directors of issuers.
The Securities Exchange Act of 1934 is amended to direct the SEC, by rule, to require each issuer to disclose, in any proxy or consent solicitation material for an annual shareholders meeting, the gender composition of the issuer's board of directors and nominees for it.