SEC allows Nasdaq to seek diversity on boards. Investment

SEC allows Nasdaq to seek diversity on boards.  Investment

The SEC authorized a resolution made by Nasdaq in December, which calls for transparency on the board of directors and at least two members of socially smaller groups.

a Diversity There should be an increase for at least listed people on the boards of companies Nasdaq. that’s because The U.S. Securities and Exchange Commission approved a proposal by a stock exchange operator to offer a number of advisories to listed companies or explain why they don’t.

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“These rules will allow investors to gain a better understanding of the Nasdaq listed companies’ board diversity approach,” SEC Chairman Gary Gensler said in a statement.

In practice, there is anotherDemands that companies have two separate directors, one who identifies himself as female and the other as a socially minority group, such as LGBTI+ or black. Companies must also publicly disclose the diversity of their boards.

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About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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