Nasdaq's plan to boost diversity on corporate boards gets SEC approval
CNN
The Securities and Exchange Commission approved Nasdaq's proposal to increase diversity on the boards of companies listed on its exchange.
The rule requires all Nasdaq-listed companies to have at least two diverse directors, including one woman and one member of an "underrepresented" minority group, including Black people, Latinos or members of the LGBTQ+ community. Companies that don't have at least two diverse directors, will be required to provide in writing a reason for why they do not. Smaller companies and foreign companies on the exchange could comply with two female directors.
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