Live Breaking News & Updates on Directors Requirement

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Companies would be required to provide this disclosure in their proxy statement or information statement for their annual shareholder meeting, or on their website. If the company chooses to disclose the information on its website, the company must also include a URL link to the disclosure through the Nasdaq Listing Center no later than 15 calendar days after the company’s annual shareholder meeting. Notably, the proposed diversity disclosure requirement is limited only to the boards of directors of Nasdaq-listed companies, and does not require disclosure of diversity metrics for management and staff.
After the first year of including the new required disclosure, all companies must disclose diversity statistics for the current year and year immediately prior using the Board Diversity Matrix or a substantially similar format. ....

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