The SEC on August 6 approved Nasdaq’s proposed board diversity rules. The rules require Nasdaq-listed companies to disclose annually statistical information on board diversity using a standardized board diversity matrix. The rules also require companies to have or explain why they do not have at least two diverse directors. To assist companies in identifying diverse directors, the SEC also approved rules that provide Nasdaq-listed companies with access to a variety of board recruiting services at no cost for a limited time. Sean Donahue and John Newell of Goodwin’s Public Company Advisory practice, explain how general counsel can make sure they are in compliance. Read the Corporate Secretary byline here.
In The Press August 19, 2021