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Resource ID: #20457
Subject: Minorities
Source: Wall Street Journal (New York)
Affiliation: 
Date: 26-Jul-99

Description

According to the article, "At a time when courts and voters have scaled back racial-preference programs, corporate America is headed along a different road. The National Minority Supplier Development Council, comprising representatives from the biggest U.S. corporations, certifies 'minority ownership.' In October, its 80-member board is likely to loosen its definition of minority-owned, which in government and corporate procurement has always required at least 51% minority ownership. Most board members expect the new requirement will be closer to 20%, along with proof of minority management."

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