top of page
  • Writer's pictureDeborah
    • Aug 25, 2021

On August 6, the Securities Exchanges Commission (SEC) announced its approval of NASDAQ proposal to change its listing rules related to board diversity (“Board Diversity Proposal”).


The Board Diversity Proposal, subject to the ‘comply or explain’ principle, requires entities with a board of directors of five or fewer members to have at least one member of its board of directors who is Diverse, including at least one Diverse director who self-identifies as Female and at least one Diverse director who self-identifies as an Underrepresented Minority or LGBTQ+.


Each Nasdaq-listed company would be required to disclose annually to the public its board-level diversity data.


Recent Posts

See All

The Secured Overnight Financing Rate (SOFR) is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. SOFR is the overnight interest rate for US dollar-denomina

13/06/2023 - Canadian Securities Administrators (CSA) SEDAR+ go-live date. All issuer filings, cease trade orders and disciplined list entries will be filed in SEDAR+ 16/06/2023 - OSFI consultation pe

On May 11, the Bank for International Settlements (BIS) published a Handbook on how central bank digital currencies (CBDCs) could work for offline payments, defined as a “transfer of value between dev

bottom of page