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Goldman Sachs, MetLife To Publicly Disclose Staff's Race, Gender

DOW JONES NEWSWIRES Goldman Sachs Group Inc. (GS) and MetLife Inc. (MET) will publicly disclose the race and gender of their U.S. work force across major job categories, including senior management, under an agreement with New York City Comptroller John C. Liu and the New York City Pension Funds. In recent months, the comptroller and the pension funds have asked several major financial services and advertising firms to make their workforce demographics publicly available as part of an ongoing effort to expand opportunities for management-level jobs at the firms to women and minorities. Federal law currently requires companies with 100 or more employees to annually submit an Employer Information EEO-1 survey, which is used to provide federal agencies with potential indications of discrimination to support civil rights enforcement. Goldman Sachs will disclose the data in its Environmental, Social and Governance Report to be posted on its website in June, while MetLife will publish the data to the relevant page of its website later this spring, the comptroller said in a release. "We believe that Goldman has made significant strides on improving the diversity of our work force, and we are committed to doing even better going forward," said Global Head of Corporate Communications at Goldman Sachs Jake Siewert in the release. Frans Hijkoop, MetLife executive vice president of human resources, said, "A diverse and inclusive work force has been an ongoing focus for MetLife, and we have made steady progress over the years." The latest agreements mean the seven largest bank holding companies in the U.S. will disclose the composition of their domestic workforce. The comptroller's office said it also had preliminary discussions with insurance giant American International Group Inc. (AIG), which has committed to follow-up discussions. The comptroller's office said it has faced greater resistance from the advertising industry. Comptroller Liu initially made the disclosure request in a letter to four advertising firms: Interpublic Group Of Cos. (IPG), Omnicom Group Inc. (OMC), Publicis Groupe S.A. (PUBGY, PUB.FR) and WPP PLC (WPPGY). -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Wpp (WPPGY)
DateTimeHeadline
12/18/201409:36:14WPP Acquires Digital Agency Clarus in Mexico for Undisclosed...
12/17/201405:46:12WPP Takes Bigger Stake in Brazil's Ibope to Boost Latin America...
12/17/201403:37:22DCD Media In Discussions with ITV Over Gameshow Commission
12/17/201402:55:23WPP Appoints Roberto Quarta as Next Chairman
12/08/201418:57:30WPP Acquires New Zealand Digital Agency Heyday
12/03/201417:30:56WPP Acquires US Digital Agency The Swift Collective
11/19/201408:53:12WPP Wants Dividend Payout Ratio to Increase to 50%, CEO Says
11/04/201410:06:24WPP Unit Ogilvy & Mather Acquires Gloo in South Africa
10/30/201411:06:24WPP's Kantar Retail Invests in French Image Recognition Company
10/16/201407:51:51WPP Acquires French Audio Watermarking Business
10/09/201417:01:12WPP Partners with Rentrak in US on TV-Measurement Business
10/07/201409:36:37WPP Acquires Element Marketing Group for Undisclosed Fee
09/23/201409:20:55WPP: GroupM Buys 49% of Haworth Marketing in US
09/22/201404:40:18WPP Invests $25 Million in AppNexus; Buys Teein in China for...
09/19/201403:42:00WPP Buys agency in Mongolia for Undisclosed Sum
09/16/201410:13:22WPP Invests in Digital Contents Studio
09/15/201413:14:42WPP Unit Kantar Health Buys Evidencias in Brazil for Undisclosed...
09/11/201406:06:19WPP's Unit Salmon Acquires Neoworks in UK for Undisclosed Sum
09/09/201404:44:05WPP: Brand Union Buys Epigram in Brazil for Undisclosed Sum
09/05/201405:05:49WPP PLC's Unit JWT Acquires Blinks in Brazil for Undisclosed...

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