1. Nasdaq Amends Proposed Rule on Board Diversity to Provide Compliance Flexibility

    Nasdaq Amends Proposed Rule on Board Diversity to Provide Compliance Flexibility

    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 been vocal critics of the proposed rule... Notably, in a ...

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