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Nasdaq Board Diversity Rule Struck Down by Federal Court

Posted by Howard Berkenblit on December 12, 2024 at 10:35 AM

Yesterday, the U.S. Court of Appeals for the Fifth Circuit vacated the SEC’s approval of Nasdaq’s board diversity disclosure rules. While the SEC has not yet indicated if it will appeal, Nasdaq has begun notifying listed companies that it does not intend to seek further review and as a result, companies will no longer be required to follow Nasdaq’s board diversity disclosure rules.

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Topics: Nasdaq, board diversity

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