Nasdaq's new board diversity listing rule provides a standardized disclosure framework to enhance transparency on board diversity and provides a recommended board diversity objective that companies can choose to meet or explain their reasons for not doing so, and the explanation could include describing a different approach.
We are pleased that the SEC has approved Nasdaq’s proposal to enhance board diversity disclosures and encourage the creation of more diverse boards through a market-led solution. We look forward to working with our companies to implement this new listing rule and set a new standard for corporate governance.
The Power of Diverse Boards
Successful companies must cultivate diversity to fuel innovation and to thrive in today’s era of ongoing environmental, social and economic change. The technology industry is committed to promoting inclusivity at all levels to ensure that our economy remains robust and innovative. We support Nasdaq’s proposal to advance diversity throughout corporate America.President & CEO, TechNet
Nasdaq’s diversity proposal marks a transformative moment in a larger movement toward greater representation of women and people of color in the boardroom and beyond.Board Member, Nasdaq
Diversity of experience, gender, race, knowledge, and perspective means that a company is more capable of seeing the full picture—assessing risk and overcoming challenges with forward-looking, innovative solutions.Chairman, Nasdaq
When we embrace diversity, we are better equipped to serve our clients, employees, partners, communities and shareholders.Director, Nasdaq
Despite the growing business case for diversity, companies are still struggling to make meaningful advancements on diversity. Discover the key challenges for board- and organization-wide buy-in and adoption, and how to overcome them.LEARN MORE
Moving the needle on board diversity
STANDARDIZED DISCLOSURE FRAMEWORK TO DRIVE GREATER TRANSPARENCY ON CORPORATE GOVERNANCENasdaq filed a proposal with the SEC in December 2020 designed to encourage a minimum board diversity objective for companies and provide stakeholders with consistent, comparable disclosures concerning a company’s current board composition. Approved by the SEC on August 6, 2021, under the listing rule all companies listed on Nasdaq’s U.S. exchange will publicly disclose board-level diversity statistics using a standardized matrix provided by Nasdaq; and choose to meet a recommended minimum objective of one or two diverse directors (depending on board size) or explain their reasons for not doing so.LEARN MORE
While many companies have made laudable progress in diversifying their boards, investors continue to lack consistent, comparable disclosures, and progress toward diverse boards remains slow. We are providing resources, tools and support to our listed companies to aid them in their board composition planning objectives.LEARN MORE
Committed to Change
We are committed to advancing equality in the workplace by attracting a retaining a diverse workforce.
Our call to build a more inclusive economy has never been stronger, nor more urgent than it is today.
Research shows that taking steps on diversity translates to meaningful change and innovation across the organization. Discover how companies are embracing diversity to ignite innovation.