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Nasdaq wants its boards to be more diverse // The Motley Fool Australia
Nasdaq Inc (NASDAQ: NDAQ) is waiting to hear from the Securities and Exchange Commission (SEC) regarding its board diversity proposal.
A request was submitted in December 2020 regarding the board diversity policy that Nasdaq can set for the businesses trading on its exchange.
The Wall Street Journal reports that Nasdaq will have to wait until August (at the latest) for the SEC’s ruling regarding its request.
Why does Nasdaq want more board diversity?
According to the WSJ, Nasdaq wants more women, racial minorities and LGBT individuals on its boards. If a company’s board cannot meet the requirements, Nasdaq wants public disclosure of why it cannot.
The exchange has set board targets that include at least one woman and a director…
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