United States SEC Approves Nasdaq’s New Board Diversity Disclosure Listing Rule

 What This Could Mean for You

The new rules aim to provide widely available, consistent and comparable information that will contribute to investors’ investment and voting decisions.

Under Nasdaq’s Rule, diversity is defined as one self-identified female director and one self-identified Underrepresented Minority or LGBTQ+ director.

Most companies listed on the Nasdaq exchange will need to have at least two diverse directors, or alternatively, publicly disclose why not.

Companies will have a gradual compliance transition period to phase in disclosure and diversity requirements.
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