The disclosures could lead to changes that would benefit shareholders of those companies, as well as their current and future employees, said the city’s comptroller, John C. Liu, who is to announce the agreement on Monday. The public pension funds, whose assets exceed $118 billion, have large stakes in Goldman and MetLife.
“Studies have shown the benefits of a diverse work force on company performance and long-term shareowner value, and many companies say they are making serious efforts to recruit, retain and promote women and minorities,” said Mr. Liu, who is a trustee of the pension funds. “But without quantitative disclosure, shareholders have no way to evaluate the effectiveness of these efforts.”
