Nasdaq goes WOKE, proposes board diversity requirement for listed companies

Nas­daq Inc on Tues­day filed a pro­pos­al with the U.S. Secu­ri­ties and Exchange Com­mis­sion that, if approved, will require all Nas­daq-list­ed com­pa­nies to adopt new rules relat­ed to board diver­si­ty and dis­clo­sure or poten­tial­ly face delisting.

The new rules will require most Nas­daq-list­ed com­pa­nies to have, or pub­licly explain why they do not have, at least two diverse direc­tors, includ­ing one who self-iden­ti­fies as female and one who self-iden­ti­fies as either an under­rep­re­sent­ed minor­i­ty or LGBTQ+.

All com­pa­nies will be expect­ed to have one diverse direc­tor with­in two years of the SEC’s approval of the new rule.

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