Nasdaq Proposes Board Diversity Disclosure Requirements
By EsqSocial Corporation 14/01/21
On Dec. 1, 2020, The Nasdaq Stock Market LLC (Nasdaq) submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to require a company listed on its exchanges, with some exceptions, to (a) have at least two diverse directors on its board or explain why it does not meet these objectives and (b) provide standardized disclosure on the composition of its board. In its proposal, Nasdaq noted the gap between “heightened attention” to diversity and the lack of both board diversity and...
By: BakerHostetler