Nasdaq Seeks Board-Diversity Rule That Most Listed Firms Don’t Meet

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The exchange operator aims to require listed companies to include women and people of diverse racial identities or sexual orientations on their boards. More than three-quarters of those firms would fall short, a review found.

Nasdaq Inc. is pushing to require the thousands of companies listed on its stock exchange to include women, racial minorities and LGBT individuals on their boards, in what would be one of the most forceful moves yet to bring greater diversity to U.S. corporations.

The exchange operator filed a proposal with the Securities and Exchange Commission on Tuesday that would require listed companies to have at least one woman on their boards, in addition to a director who is a racial minority or one who self-identifies as lesbian,...

 

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