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SEC approves Nasdaq’s board diversity rule changes
09/08/2021
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SEC

New rules requiring Nasdaq-listed companies to have at least two diverse board members, or explain why not, have been approved by the US Securities and Exchange Commission (SEC).

Rule 5605(f) will require Nasdaq-listed firms to have at least two diverse directors, including one woman director and one underrepresented minority – including African American, Hispanic, Asian, Native American, Native Hawaiian, or Pacific Islander – or as LGBTQ+.

 


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