Enhancing Transparency on Diversity

Providing actionable insight and information to provide stakeholders with consistent, comparable disclosures on board diversity

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.

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Embracing Change

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.

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Forward Progress

Moving the needle on board diversity

  • STANDARDIZED DISCLOSURE FRAMEWORK TO DRIVE GREATER TRANSPARENCY ON CORPORATE GOVERNANCE

    Nasdaq 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.
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    Woman leader in boardroom with men sitting at table.

Accelerating Impact

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.

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Committed to Change

Igniting Innovation

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.

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