Alongside, growing demand for greater board diversity in the corporate sector, NASDAQ proposed a rule requiring its thousands of companies to have at least two diverse directors on their boards. In August 2021, the U.S. Securities and Exchange Commission (SEC) approved a new board diversity rule put in place by the NASDAQ exchange. This rule, […]
Archive | Diversity on Boards
The Executive Advisory 2023 Diversity Review
When forming boards of directors, diversity, equity and inclusion has always been essential and necessary. Given the latest guidelines and growing expectations from shareholders, employees, and stakeholders, enhancing board diversity is of major importance. Diverse boards are associated with better decision-making skills, which leads to better outcomes and bigger profits. Recently, board diversity has been making […]
The NYSE Refrains From Adopting Diversity Requirements
NYSE Diversity for Listed Companies On August 6th, 2021, The U.S. Securities and Exchange Commission approved the rule changes proposed by the Nasdaq Stock Market regarding board diversity. The rule stipulates that the boards of Nasdaq-listed companies must have one director who identifies as female and another who is a member of an underrepresented minority […]
U.S. Stock Exchange Sets Diversity Rules
SEC Diversity Requirements For the past several years, increasing board diversity has been a pressing item for public companies—and not without good reason. In 2018, a Boston Consulting Group study found that companies, with diverse leadership, had higher revenues from new products and services (an indicator of successful innovation) as well as higher EBIT margins. […]
Demand for Board Director Diversity is Soaring
As it nears the end of 2023, many of America’s top public companies showcase increasingly diverse boards of directors. Although there has been significant progress in expanding director appointments, to reflect many types of diversity, there is always room for improvement. Recently, the corporate sector has been overwhelmed by the impact of the pandemic, geopolitical […]
