Improving Corporate Governance Through Diversity Act of 2023

This bill requires public companies (issuers) to disclose voluntary self-reported diversity data for their board members, board nominees, and executives, including race, ethnicity, gender, and veteran status. It also mandates disclosure of whether the company has diversity policies for these groups. The SEC must annually analyze this data and publish reports on diversity trends, while establishing a Diversity Advisory Group to study and recommend strategies for improving diversity on corporate boards. The bill affects all publicly traded companies required to file SEC reports, focusing on transparency rather than mandating specific diversity outcomes.