Nasdaq Amends Proposed Rule on Board Diversity to Provide Compliance Flexibility
By EsqSocial Corporation 25/03/21
On December 1, 2020, Nasdaq filed a proposed rule with the U.S. Securities and Exchange Commission (SEC) that would require certain Nasdaq-listed companies to have at least two diverse directors (according to self-reported gender, race, and sexual orientation) or explain why the company has not been able to meet the proposed minimum diversity standards, and disclose certain board diversity-related statistics. While many have lauded Nasdaq’s proposed rule to promote board diversity, there have...
By: Ogletree, Deakins, Nash, Smoak & Stewart,