SEC staff approved Nasdaq's proposal to set gender and ethnic diversity targets for the boards of listed companies
Nasdaq Inc.’s push for greater diversity in corporate boards cleared a key hurdle, as regulators approvedIn an order released Friday afternoon, staffers at the Securities and Exchange Commission agreed to Nasdaq’s proposed rule changes. Under the proposal, Nasdaq-listed companiesfor the gender and ethnic diversity of their boards or explain in writing why they aren’t doing so.
For most U.S. companies, the target would be to have at least one woman director, as well as a director who self-identifies as a racial minority or as lesbian, gay, bisexual, transgender or queer. Companies would also be required to disclose diversity statistics about their boards.
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