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 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 exchange sought to require listed companies to disclose the gender and racial makeup of their boards and set diversity targets.

Because the Nasdaq diversity rules no longer apply to proxy and information statements filed by Nasdaq-listed companies, these companies will not need to include the board diversity matrix ...

Nasdaq has notified companies that it does not intend to appeal the decision and that companies no longer need to comply with the board diversity rules.

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-listed companies that choose to voluntarily disclose board diversity data will now have more flexibility in its presentation and can deviate from a standardized matrix template.

In August 2021, the SEC approved new board diversity rules requiring Nasdaq-listed companies (i) to include a board diversity matrix in their proxy ...