Sarah+F.+-+AD+-+SP12

Sarah Frey 25 January 2012 A New Diversity Monitor for the S.E.C.

The Securities and Exchange Commission, S.E.C., has placed Pamela A. Gibbs as the new head of the Office of Minority and Women Inclusion. The new office was authorized by the Dodd- Frank Act that was introduced by congressional representative Maxine Waters. The Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub.L. 111-203, H.R. 4173) is a federal statute in the United States that was signed into law by President Barack Obama on July 21, 2010. The law created monitoring offices at the Treasury Department, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, and the twelve Federal Reserve banks. The law requires these federal agencies and the private companies they deal with to achieve better diversity of women and minorities among their employees. Agencies are required to recruit from historically black universities and women’s colleges. The S.E.C. is working towards broadening their level of diversity by including women and other minorities in their work force. By encouraging minorities in the workplace, specifically at the S.E.C. and the companies they deal with, the broader issue of diversity is raised. Cultural diversity is a well-known theme in American history starting with the religious differences of the Pilgrims, the racial differences of the African slaves, and the cultural differences of ethnic groups such as the Chinese being imported to work on the railroads. For instance, the Central York School District’s ethnic minority percentage is listed at 17.4% in 2007 on the District’s website. School administrators use programs like the green circle and cultural diversity day to encourage inclusion of all races and religions. This law deals with diversity in the workplace and encourages financial companies to include more women and minorities. Financial institutions have traditionally been dominated by men such as J.P. Morgan arranging company mergers at the start of the industrial era. Today, Wall Street banks and investment companies are still dominated by white males. Many other businesses and corporations are becoming more open to minorities and women in order to engage all aspects of the economy. **Bibliography ** "Diversity in Central York School District." Central York School District. Central York School District, 2010. Web. 25 Jan. 2012.
 * Summary **
 * Relevance **
 * Evaluation **
 * Questions **
 * 1) The Office of Minority and Women Inclusion is part of the Securities and Exchange Commission and was mandated by what congressional act?
 * 2) Who was President when congress approved this act on July 21, 2010?
 * 3) Was it of symbolic importance that the S.E.C. appointed a woman to be the first director of the Office of Minority and Women Inclusion?
 * 4) From this new office in the S.E.C., what regulatory agencies will be monitored?
 * 5) <span style="font-family: 'Times New Roman','serif'; font-size: 16px;">Does having a woman monitor in the workplace raise the broader question of equal rights for other women?

<span style="color: black; font-family: 'Times New Roman','serif'; font-size: 16px;">"Legislative Response and Passage." //Wikipedia//. Wikipedia, 2011. Web. 25 Jan. 2012.

<span style="color: black; font-family: 'Times New Roman','serif'; font-size: 16px;">Roose, Kevin. "A New Diversity Monitor for the S.E.C. - NYTimes.com." //Mergers, Acquisitions, Venture Capital, Hedge Funds - DealBook-NYTimes.com//.TheNew York Times, 4 Jan. 2012. Web. 25 Jan. 2012.