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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
04/18/201401:00:34McDonald's to Give China Restaurants a Makeover
04/02/201404:41:15WPP Buys Barcelona-Based Social Media Data Analytics Firm
04/01/201404:34:14WPP: JWT Buys X-PRIME in France for Undisclosed Sum
03/31/201406:34:48WPP Acquires FusePump for Undisclosed Sum
03/31/201404:52:14WPP: Hill+Knowlton Strategies to Acquire Rice5
03/27/201405:58:08WPP PLC JWT acquires majority stake in Social Wavelength
03/25/201404:51:24WPP to Acquire Chinese Marketing Firm for Undisclosed Sum
03/24/201406:54:03WPP Buys Majority Stake in Cognifide for Undisclosed Sum
03/12/201409:26:42WPP Unit Ogilvy & Mather Acquires Majority Stake in Memac
02/27/201417:14:34ADR Shares End Higher; RBS, Baidu Shares Active
02/27/201412:21:19LONDON MARKETS: FTSE 100 Climbs For First Day In Three; HSBC...
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02/26/201413:24:05WPP Buys Minority Stake in New York Digital Content Firm Percolate
02/25/201403:24:18WPP to Acquire Polish Marketing Firm for Undisclosed Sum
02/03/201409:35:49WPP Unit Xaxis Buys Bannerconnect for Undisclosed Sum
01/30/201404:36:45WPP: tenthavenue Buys Majority Stake in South African Rewards...
01/13/201405:06:34WPP Takes 80% Stake WVI Group of Companies, to Take Full Control...
01/10/201408:09:29WPP Buys Majority Stake in Vietnamese Marketing Agency
01/09/201415:08:46Correction to Omnicom Publicis Merger Story
01/09/201410:20:11EU Clears Omnicom Publicis Merger

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