Vanguard to Push Companies on Racial Diversity Next Year
- Money manager joins BlackRock and State Street Global Advisors
- Vanguard says it may vote against directors who fail to act
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Vanguard Group Inc. said it plans to vote against company directors who fail to push for greater racial and gender diversity on their boards.
The money manager, which oversees $6.3 trillion, acknowledged that corporations are in the early stages of developing their boardroom diversity strategies, and that regional differences and regulations need to be considered.