NASDAQ’s proposal to REQUIRE DIVERSITY on corp. boards gets SEC approval (Report)
Companies will be required to have 2 DIVERSE directors, including 1 that identifies as a female and another as an underrepresented minority or LGBTQ+, as Nasdaq aims to boost diverse representation in limited companies. (Reuters)
If they do not meet the new diversity protocols, companies will have to explain to authorities WHY - and all diverse roles will need to be disclosed publicly.
Nasdaq said it is looking “forward to working with our companies to implement this new listing rule and set a new standard for corporate governance.”
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