To print this article, all you need is to be registered or login on Mondaq.com. On December 1, 2020, Nasdaq submitted to the SEC a rule filing to adopt listing rules related to board diversity. The rule filing proposes a diverse board representation rule and a board diversity disclosure rule. Diverse Board Representation Rule. The proposed diverse board representation rule would require each Nasdaq-listed company, subject to certain exceptions [1], to have, or explain why it does not have, at least two "diverse" directors, including (1) at least one director who self-identifies as "female," and (2) at least one director who self-identifies as an "Underrepresented Minority" or