Governance in Brief
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Nasdaq has filed a proposal with the U.S. Securities and Exchange Commission (“SEC”) to adopt new rules related to board diversity and disclosure. According to the proposal, almost all Nasdaq-listed companies should 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+. Foreign and smaller companies would be allowed to satisfy the diversity requirement with two female directors.
