Nasdaq Inc on Tuesday filed a proposal with the U.S. Securities and Exchange Commission that, if approved, will require all Nasdaq-listed companies to adopt new rules related to board diversity and disclosure or potentially face delisting.
The new rules will require most Nasdaq-listed companies to have, or publicly explain why they do not 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+.All companies will be expected to have one diverse director within two years of the SEC's approval of the new rule.
"We believe this listing rule is one step in a broader journey to achieve inclusive representation across corporate America," she said.
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