In a significant ruling on Dec. 11, the 5th Circuit Court of Appeals determined that the Securities and Exchange Commission ...
Nasdaq required public companies to have at least one woman, person of color or LGBTQ member on their boards or explain why ...
On December 11, 2024, the U.S. Court of Appeals for the 5th Circuit, sitting en banc, ruled that The Nasdaq Stock Market LLC (Nasdaq) cannot ...
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A court tossed Nasdaq's diversity rules, but boardrooms have gotten more diverse anywayThe boardrooms of most major companies are no longer completely male-dominated — globally nearly all large public firms now ...
The court ruled the SEC lacked authority to approve Nasdaq's board diversity requirements. The 5th Circuit Court of Appeals, ...
The exchange sought to require listed companies to disclose the gender and racial makeup of their boards and set diversity ...
Under rules approved in 2021, Nasdaq-listed companies were required to (1) publicly disclose a board diversity matrix and (ii ...
Opponents of the proposed DEI rule said it amounted to a public shaming of companies. They also faulted the SEC's approval of ...
(together with Nasdaq Listing Rule IM-5900-9, the Board Diversity Rules) by a 9-8 vote. In Alliance for Fair Board Recruitment v. SEC, the Fifth Circuit held that the Securities and Exchange ...
An appeals court in Louisiana has ruled that Nasdaq can’t require diversity on the boards of companies that list on the ...
In a 51-page opinion, nine of 17 judges on the full 5th Circuit found the rule violates the Securities Exchange Act of 1934.
In August 2021, the SEC approved new board diversity rules requiring Nasdaq-listed companies (i) to include a board diversity matrix in their ...
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