Nasdaq Board Diversity Rules Overturned by US Court of Appeals
By EsqSocial Corporation 23/12/24
On December 11, 2024, in Alliance for Fair Board Recruitment v. SEC, the US Court of Appeals for the Fifth Circuit ruled in a 9-8 vote that the Securities and Exchange Commission’s (SEC) adoption of the Nasdaq board diversity rules (which aimed to increase the representation of women and minorities on boards of directors for publicly-traded companies) exceeded the commission’s statutory powers....
By: Cadwalader, Wickersham & Taft LLP