Nasdaq Takes Aim At All-White, Male Company Boards With Diversity Proposal
Published on: December 3, 2020
Nasdaq wants to require the more than 3,000 companies listed on its stock exchange to improve boardroom diversity by appointing at least one woman and at least one minority or LGBTQ+ person to their boards.
Companies would have to report regularly on how many women and minorities sit on their boards and then follow that up by appointing at least one member of each group, under a rule submitted Tuesday to the Securities and Exchange Commission.
