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A basis for research and practical guidance focusing on federal securities laws, compliance & corporate governance.

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An educational service that provides practical guidance on legal issues involving public and private mergers & acquisitions, joint ventures, private equity – and much more.

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CompensationStandards.com

The “one stop” resource for information about responsible executive compensation practices & disclosure.

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Widely recognized as the premier online research platform providing practical guidance on issues involving Section 16 of the Securities Exchange Act of 1934 and all of its related rules.

PracticalESG

PracticalESG.com

Keeping you in-the-know on environmental, social and governance developments

The federal government continues to use False Claims Act (FCA) enforcement to target prominent companies with DEI programs. Previously, IBM faced a DEI FCA enforcement action that ended in a $17 million settlement. Now Deloitte is settling with the Department of Justice (DOJ) for $21.5 million. A recent WilmerHale memo dives into the implications of this settlement agreement:

“The settlement suggests a continued enforcement focus on demographic targets, DEI-linked performance metrics, and race- or sex-specific development opportunities.

The settlement includes the resolution of claims brought by a third-party relator, the American Alliance for Equal Rights (AAER), under the qui tam or whistleblower provisions of the FCA. AAER had filed a complaint on behalf of an anonymous whistleblower in the Northern District of Texas alleging that Deloitte had falsely certified compliance with anti-discrimination requirements in state and federal law. Under the settlement, AAER will receive $4.3 million.”

So which DEI programs are catching the most heat from the administration? The Deloitte settlement indicates that those actively tracking and incentivizing diversity targets are most at risk. The administration views any hiring or firing decision made on the basis of a protected characteristic as violating the Civil Rights Act. Even if those decisions are made to relieve historical inequities. However, metrics are still important. The old cliché “what gets measured gets managed” still holds.

To avoid DEI FCA enforcement actions, consider measuring ancillary metrics using employee engagement surveys. Feedback regarding your workforce’s culture and sense of inclusion will help you measure the benefits of DEI while avoiding quota-based systems targeted by the DOJ. Additionally, ensure that all DEI-related mentorship and leadership development programs are open to everyone and not limited by a protected characteristic.

Our members can learn more about ESG litigation developments here.

If you’re not already a member, sign up now and take advantage of our no-risk “100-Day Promise” – during the first 100 days as an activated member, you may cancel for any reason and receive a full refund. But it will probably pay for itself before then. Members also save hours of research and reading time each week by using our filtered and curated library of ESG/sustainability resources covering over 100 sustainability subject areas – updated daily with practical and credible information.

Practical Guidance for Companies, Curated for Clarity.

 

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The Editor

Zachary Barlow is a licensed attorney. He earned his JD from the University of Mississippi and has a bachelor’s in Public Policy Leadership. He practiced law at a mid-size firm and handled a wide variety of cases. During this time he assisted in overseeing compliance of a public entity and litigated contract disputes, gaining experience both in and outside of the courtroom. Zachary currently assists the PracticalESG.com editorial team by providing research and creating content on a spectrum of ESG… View Profile