The New York City Comptroller's Proposal for a Diversity Search

The New York City Comptroller, Scott Stringer and the New York City Pension Funds have approximately $211 billion in assets as of February. They want Berkshire Hathaway to adopt a diversity search policy requiring that the initial candidates from which new director nominees and external CEOs are chosen include qualified female and racially or ethnically diverse candidates. We applaud Mr. Buffett's recognition that women in the boardroom have historically been rare. Although women run the right to have their voices heard in a voting booth a century ago, attaining similar status in a boardroom remains a work in progress.