On October 3rd, The Greenlining Institute submitted a comment letter to the Federal Reserve Board regarding its proposed guidance on supervisory expectations for an effective board of directors. The proposal notes that an effective board should be “composed of directors with a diversity of skills, knowledge, experience, and perspectives.” While this language offers guidance around the importance of a diverse board, it does not explicitly name racial, ethnic and gender diversity as important considerations in creating a diverse board. Greenlining requested that this explicit language be included in the proposed guidance. Read it here.