You care about diversity, equity and inclusion. You don’t want the focus on this important topic to die down. Nasdaq doesn’t either. Beginning in August 2022, all Nasdaq-listed companies, with limited exceptions, must have at least two diverse board members or explain why they do not. The new listing standard will require disclosure, in an aggregated form, of information on the voluntary self-identified gender, racial characteristics, and LGBTQ+ status of the company’s board.
Disclosure of board diversity data will be required annually and companies have until the later of August 8, 2022 or the date the company files its proxy statement or information statement for its annual shareholder meeting during 2022. Read more here from BDO on this new requirement approved by the SEC on August 6, 2021.
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