Nasdaq seeks authority to enforce gender diversity in company boardrooms
Submitted by Mastodon on Tue, 2020-12-01 21:46
Article here. Excerpt:
'The Nasdaq stock exchange wants its listed companies to diversify their boards of directors — or explain why they can't.
In a proposal filed with the U.S. Securities and Exchange Commission on Tuesday, Nasdaq would require all companies listed on the exchange to publicly disclose consistent, transparent diversity statistics about their board of directors. It would require those companies to have, or explain why they don't have, at least two diverse directors. This includes having one board member who self-identifies as female and one who self-identifies as either an underrepresented racial minority or LGBTQ. Foreign companies and smaller reporting companies would have additional flexibility.'
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