SEC Delays Decision On Nasdaq's Diversity Proposal

By Al Barbarino (March 10, 2021, 10:15 PM EST) -- The U.S. Securities and Exchange Commission said Wednesday it is deferring its decision on whether to approve or toss a controversial proposal from the Nasdaq stock exchange to require "diverse" members on companies' boards, urging additional comments from the public on the matter.

The SEC postponed deciding on the proposal after Nasdaq offered revisions on Feb. 26, following criticism from some lawmakers who argued that the stock exchange has no place acting as "an arbitrator of social policy."

Nasdaq first put forth a proposal in early December that would require companies to publicly disclose diversity information about their board members and push them...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!