A federal appeals court on Wednesday ruled that Nasdaq could not impose rules requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do ...

One of the groups that sued the SEC over Nasdaq’s board-diversity rules, the Alliance for Fair Board Recruitment, was founded by Edward Blum, an activist who has waged a number of court fights ...

Nasdaq faces a multistate inquiry into whether its listing rules on boardroom diversity are a form of discrimination, adding to the conservative pushback to its policies. “Given Nasdaq’s ...

The proposed new Nasdaq Rule 5606(f), which is scheduled to go into effect in August 2023, would require companies to (i) publicly disclose board-level diversity statistics on an annual basis ...

Court Holds that SEC Approval was Unsupported by Exchange Act. In an en banc decision filed on December 11, 2024, the U.S. Court of Appeals for the Fifth Circuit (Fifth Circuit) vacated the 2021 ...

Nasdaq found in a survey last year that 75% of its companies would fail to satisfy the new board diversity rules. If those firms are unable to comply in the near future, they risk being delisted ...

Nasdaq’s push to set diversity targets for corporate boards has survived the first round of a legal challenge by conservative groups. The Securities and Exchange Commission acted properly when ...

A conservative group seeking to throw out Nasdaq's board-diversity rules has appealed for a new hearing of its legal challenge after losing in court last week. The Alliance for Fair Board ...

Nasdaq finalizes new board diversity rules — and some companies may have some explaining to do. by Lisa Stiffler on August 11, 2021 at 11:25 am August 12, 2021 at 2:17 pm.

BOARD DIVERSITY DISCLOSURE RULE. Nasdaq-listed companies have until the later of August 8, 2022, or the date the company files its proxy statement or its information statement (or, if the company ...

On December 1, 2020, Nasdaq filed a proposal with the SEC to adopt Rules 5605(f) and 5606 regarding board diversity and board composition disclosure, respectively.

The New Orleans-based Fifth U.S. Circuit Court of Appeals ruled Wednesday that the Securities and Exchange Commission had erred in 2021 when it approved two Nasdaq listing rules focused on ...