News & Analysis as of

Minorities Proposed Rules

Troutman Pepper

State AGs Write Amicus Brief Arguing Nasdaq Diversity Rule Is Unconstitutional

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Republican attorneys general (AGs) from 19 states, led by Utah AG Sean D. Reyes, filed an amicus brief urging the Fifth Circuit to rehear a case after a panel of judges declined to entertain a lawsuit challenging diversity...more

Katten Muchin Rosenman LLP

Client Alert: SEC Approves Nasdaq's Board Diversity Disclosure Requirements

On August 6, the Securities and Exchange Commission (SEC) approved Nasdaq listing rules implementing new board diversity disclosure requirements that will apply to most Nasdaq-listed companies (the Board Diversity Rules). The...more

Holland & Knight LLP

SEC Approves Nasdaq's Plan to Improve Diversity on Company Boards

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The U.S. Securities and Exchange Commission (SEC) approved Nasdaq Stock Market LLC's proposed rule changes related to board diversity and disclosure on Aug. 6, 2021.1 A Nasdaq-listed issuer, subject to some exceptions...more

McDermott Will & Emery

SEC Approves New Nasdaq Board Diversity Disclosure Rules

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On August 6, 2021, the US Securities and Exchange Commission (SEC) approved a Nasdaq rule change that requires its listed companies to have diverse boards or explain why they do not. Subject to certain issuer exemptions and...more

WilmerHale

SEC Approves Nasdaq’s Board Diversity Rule

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On Friday, the SEC approved Nasdaq listing rules related to board diversity. The new Board Diversity Rule establishes diversity objectives for different classes of Nasdaq-listed companies and related disclosure requirements....more

Fenwick & West LLP

SEC Adopts Nasdaq Rules on Board Diversity

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On August 6, 2021, the U.S. Securities and Exchange Commission approved new listing rules regarding board diversity and disclosure, described in our prior Client Alert. The new rules will require a Nasdaq-listed company to...more

Eversheds Sutherland (US) LLP

Diversity boost in the boardroom: Nasdaq proposes new rules to spark increased board diversity for listed companies

On December 1, 2020, The Nasdaq Stock Market LLC (Nasdaq) filed a proposal with the Securities and Exchange Commission (SEC) to adopt listing rules that would enhance board diversity and transparency among companies listed on...more

White and Williams LLP

Nasdaq’s Giant Leap Towards Diversity on the Board

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Following the lead of California, Illinois and other states, Nasdaq, which is home to some of the largest companies in the world including Amazon, Google and Facebook, may require diversity on the board of directors of those...more

Pillsbury Winthrop Shaw Pittman LLP

Nasdaq Proposal Includes Mandatory Director Diversity Disclosures

Board diversity may become not just a requirement but smart business as many corporations seek to maintain relevance and purpose. Nasdaq’s proposal would require most Nasdaq-listed companies to have, or explain why they do...more

Winstead PC

Nasdaq Proposal to Adopt Listing Rules Related to Board Diversity

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On December 1, 2020, Nasdaq filed with the Securities and Exchange Commission (SEC) a proposal to adopt new listing rules related to board diversity.  If approved, the new listing rules would require Nasdaq-listed companies,...more

Fenwick & West LLP

Nasdaq Proposes New Rules on Board Diversity

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Nasdaq has filed a proposal with the U.S. Securities and Exchange Commission to adopt new listing rules regarding board diversity and disclosure. The proposed rules would require a Nasdaq-listed company to have at least two...more

Dorsey & Whitney LLP

It’s Really Time to Talk Diversity in D and O Questionnaires (with Updated Sample Question and Summary of Nasdaq’s Proposed Rules)

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On December 1, 2020, Nasdaq submitted a proposal to the SEC seeking approval of new listing requirements for board diversity. The stated goal of the proposal is to provide stakeholders with a better understanding of a...more

BCLP

New Nasdaq Listing Proposal: Add Diverse Directors or Explain Why Not

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Nasdaq yesterday announced a proposed new listing rule that would require all Nasdaq-listed companies to publicly disclose consistent, transparent board diversity statistics in a specified form of matrix.  In addition, the...more

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