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SEC approves Nasdaq board diversity proposals

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Aug 06, 2021

On August 6, 2021, the Securities and Exchange Commission (SEC) approved Nasdaq Stock Market LLC’s proposed rule changes related to board diversity and disclosure. The new listing standards will require each Nasdaq-listed company, subject to certain exceptions, to have at least two diverse board members or explain why it does not.

The new listing standards also will require disclosure, in an aggregated form, of information on the voluntary self-identified gender, racial characteristics, and LGBTQ+ status of the company’s board.

Review the proposal and statement on the SEC's website.

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