Nasdaq proposes board diversity requirement for listed companies
NASDAQ Inc filed a proposal with the U.S. Securities and Exchange Commission that, if approved, will require all Nasdaq-listed companies to adopt new rules related to board diversity and disclosure or potentially face delisting. The new rules will require most Nasdaq-listed companies to have, or publicly explain why they do not have, at least two diverse directors, including one who self-identifies as female and one who self-identifies as either an underrepresented minority or LGBTQ+. All companies will be expected to have one diverse director within two years of the SEC’s approval of the new rule. “Our goal with this proposal…