A flag flies outside the Citigroup building in the Long Island City neighborhood of Queens, New York.
Daniel Acker | Bloomberg | Getty Images
Citigroup will face a shareholder vote Tuesday on whether the bank should consider a nonmanagement worker in its pool of candidates when filling a board seat.
The proposal, which is spearheaded by shareholder advocate James McRitchie and based on the NFL’s Rooney Rule, is meant to diversify boards and bridge the gap between corporate management and its workforce. The goal is to open the lines of communication between the workforce and board members, ensuring that workers can provide their input and the board is aware of important issues.