April 4th, 2023, Washington, DC
SEC Omwi annual report
Annual Report to Congress for Fiscal Year 2022 from the SEC‘s Office of Minority and Women Inclusion (OMWI). This paper gives an overview of what the SEC has done and how well it has done to encourage DEIA among its employees, give more opportunities to minority and women-owned businesses, and use DEIA to reach its goal.
Among the report’s most interesting findings are:
From FY 2021 to FY 2022, the percentage of minorities serving as senior officers (senior officers are equivalent to senior executives at other federal agencies) increased, 37.6% of SEC contract payments were made to minority- and women-owned businesses, the number of paid internship programs offered by the SEC increased, and minorities now make up 35.9% of the SEC’s workforce.
The SEC’s DEIA operations are led and guided by OMWI, which also collaborates closely with the SEC’s other departments and offices. In its most recent annual report, OMWI explained what it did to build partnerships and share information to help the SEC with its DEIA efforts.
Note on Office of Minority and Women
In 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), which established the Office of Minority and Women Inclusion (OMWI). Section 342 of the Dodd-Frank Act told the Treasury Department to set up an Office of Minority and Women Inclusion. Eight other financial agencies and 12 Federal Reserve banks had already done this.
