The New Paper

December 2, 2020

Nasdaq requests approval for new board diversity rules

Nasdaq filed a proposal with the SEC to adopt new listing rules related to board of directors diversity yesterday. If approved, the new rules would require all 3,000+ companies listed on Nasdaq’s US stock exchange to disclose board diversity statistics and require most companies on the exchange to have at least two diverse directors. The request is the latest effort to increase board diversity, following initiatives by the state of California, investment bank Goldman Sachs, and several European nations.

This story is from the December 2, 2020 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.