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 ...

Nasdaq’s diversity rules had put it at the forefront of ESG. One rule required Nasdaq-listed companies to disclose statistics about the gender and racial makeup of their boards.

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 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 ...

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 ...

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 ...

The group says Nasdaq's rules amount to an unlawful racial and gender quota. Last week, a panel of three Fifth Circuit judges—all appointed by Democratic presidents—ruled against the group.The ...

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 ...

All Nasdaq-listed companies will be required to publicly disclose director self-identified board-level diversity statistics by the later of August 8, 2022, or the date the company files its next ...

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, ...

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 ...

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 ...