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 ...

A federal appeals court blocked Nasdaq rules to increase boardroom diversity, saying that the Securities and Exchange Commission did not have the authority to approve them. Wednesday’s ruling ...

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 ...

A federal appeals court blocked Nasdaq rules to increase boardroom diversity, saying that the Securities and Exchange Commission did not have the authority to approve them. Wednesday’s ruling ...

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 sought to impose rules requiring companies listed on the exchange to have women and minority directors on their boards. CEO Adena Friedman, above. Getty Images for Fortune Media ...

Nasdaq’s diversity rules had put it at the forefront of ESG. One rule required Nasdaq-listed companies to disclose statistics ...