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Frequently Asked Questions
  When are companies required to comply with the Diverse Director Objective?
Identification Number 1748

Nasdaq-listed companies have a transition period to achieve compliance. Transition periods vary based on a company‚Äôs listing date and market tier, as described in the chart below.*

 

For Companies Listed on Nasdaq
prior to August 6, 2021

For Companies Listing on Nasdaq
on or after August 6, 2021

 

Board Diversity Matrix

One Diverse Director
or Provide Explanation

Two Diverse Directors
or Provide Explanation

Board Diversity Matrix

One Diverse Director
or Provide Explanation

Two Diverse Directors
or Provide Explanation

Nasdaq Global Select or Global Market

Annually by
December 31

December 31,
2023

December 31, 2025

Initial Matrix: One Year From Date of Listing

 

Subsequent Matrix: Annually by December 31

December 31, 2023
or one year from date of listing, whichever is later

December 31, 2025
or two years from date of listing, whichever is later

Nasdaq Capital Market

 

December 31, 2026

 

No specific milestone

December 31, 2026
or two years from date of listing, whichever is later

Boards with 5 or fewer directors**

N/A

December 31, 2023
or two years from date of listing, whichever is later

N/A

*  Reflects amendment filed in December 2022.

** Companies with 5 or fewer directors that listed on the Nasdaq Capital Market on or after August 6, 2021 have until December 31, 2026 or two years from date of listing, whichever is later, to meet the Diverse Director Objective or provide an explanation. 

Publication Date*: 2/28/2023 Mailto Link Identification Number: 1748
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