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Americas

Nasdaq Board Diversity Proposal Secures SEC Backing

The new rules will require listed companies to meet race and gender targets on a comply or explain basis.

The US Securities and Exchange Commission (SEC) has approved Nasdaq’s December 2020 proposal to enhance issuer disclosures on board diversity. The approval will allow Nasdaq to include race and gender disclosures in its listing rules, and require listed companies to meet certain minimum targets for gender and racial diversity of…

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