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On February 26, 2021, Nasdaq filed Amendment No. 1 to its initial proposed rule change regarding board diversity disclosures, in response to more than 200 comment letters received from Nasdaq-listed issuers...
# Companies would be required to provide this disclosure in their proxy statement or information statement for their annual shareholder meeting, or on their website. If the company chooses to disclose the information on its website, the company must also include a URL link to the disclosure through the Nasdaq Listing Center no later than 15 calendar days after the company’s annual shareholder meeting. Notably, the proposed diversity disclosure requirement is limited only to the boards of directors of Nasdaq-listed companies, and does not require disclosure of diversity metrics for managemen...
To print this article, all you need is to be registered or login on Mondaq.com. On December 1, 2020, Nasdaq proposed new listing rules related to board diversity. The proposal was the culmination of Nasdaq's assessment of a number of factors, including: its engagement with organizational leaders in the business, investor, governance, regulatory and civil rights communities, who expressed overwhelming support for the diversification of boardrooms; its review of academic research demonstrating that diverse boards are positively associated with improved corporate governan...