Nasdaq faces a multistate inquiry into whether its listing rules on boardroom diversity are a form of discrimination, adding to the conservative pushback to its policies. “Given Nasdaq’s ...

The New Orleans-based Fifth U.S. Circuit Court of Appeals ruled Wednesday that the Securities and Exchange Commission had erred in 2021 when it approved two Nasdaq listing rules focused on ...

Court Holds that SEC Approval was Unsupported by Exchange Act. In an en banc decision filed on December 11, 2024, the U.S. Court of Appeals for the Fifth Circuit (Fifth Circuit) vacated the 2021 ...

Nasdaq's (NASDAQ:NDAQ) boardroom diversity targets for companies listed on the exchange have been struck down by a federal appeals ... Nasdaq board diversity rules struck down by appeals court. 12h.

Nasdaq’s diversity rules had put it at the forefront of ESG. One rule required Nasdaq-listed companies to disclose statistics about the gender and racial makeup of their boards.

On December 11, 2024, in a 9-8 decision, the United States Court of Appeals for the Fifth Circuit ruled that in approving the Nasdaq Stock Market’s (Nasdaq) board diversity rules (the Rules ...

What You Need To Know. On December 11, the U.S. Court of Appeals for the Fifth Circuit struck down the Nasdaq board diversity disclosure rules, holding that the U.S. Securities and Exchange ...