Skip to main content

FINRA Statement on Supplier Diversity

FINRA recognizes the importance of diverse suppliers as an integral part of our strategic sourcing and procurement processes. We believe that the success of our organization and society depends on enabling diverse-classified businesses (as further described below, “Diverse Suppliers”) to share in the nation’s economic growth. Our commitment is to maximize Diverse Suppliers’ participation in FINRA’s supply chain through the development of mutually beneficial business relationships with these firms.  We also believe that supplier diversity strengthens our ability to perform in the marketplace. We are proud of our strategic alliances with Diverse Suppliers and enthusiastically embrace the clear vision and mission that guide our diversity initiative.

  1. 1. Our Vision
    1. 1.1. Our vision is to institutionalize Supplier Diversity in all contracting and procurement initiatives within the corporation to enhance the growth and development of Diverse Suppliers and foster enhanced innovation and competition within our supply chain.
  2. 2. Our Mission
    1. 2.1. To integrate and implement a measurable and high-quality Supplier Diversity process into all purchasing activities that support Strategic Sourcing, Procurement, and all Lines of Business.
  3. 3. Our Objectives
    1. 3.1. Inclusively promote sourcing of services and goods from Diverse Suppliers.
    2. 3.2. Promote the inclusion of diversity initiatives across our non-diverse supplier base.
    3. 3.3. Leverage FINRA’s focus on diversity and inclusion as a core business strategy to expand supplier reach.
    4. 3.4. Monitor FINRA’s supplier diversity program effectiveness and ensure continuous improvement.
  4. 4. Definition of Diverse Suppliers
    1. 4.1. FINRA’s Supplier Diversity Program includes certified minority-, disabled-, LGBTQ+-, women-, service-disabled veteran-, and veteran-owned business enterprises (“Diverse Suppliers”).
    2. 4.2. Businesses eligible for Diverse Supplier status must be at least 51% owned, controlled and operated by men and/or women who are:
      1. 4.2.1. African American
      2. 4.2.2. Asian American
      3. 4.2.3. Disabled
      4. 4.2.4. Hispanic American
      5. 4.2.5. LGBTQ+
      6. 4.2.6. Native American
      7. 4.2.7. Non-minority women
      8. 4.2.8. Service-Disabled Veteran
      9. 4.2.9. Veteran
      10. 4.2.10. Others as required by law