- Nasdaq recently filed a proposal with the Securities and Exchange Commission (SEC) to require the 3,000 companies listed on the exchange to provide racial, gender and sexual orientation breakdowns of their corporate board members.
- The proposal would also require Nasdaq-listed companies two have at least two ‘diverse’ directors comprised of at least one woman and one racial minority or LGBTQ-oriented person.
- Failure to comply could result in removal from the exchange.
- Companies with at least two diverse directors average 12% higher earnings growth.
