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Board Diversity Rule
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Frequently Asked Questions
  What flexibility does Nasdaq provide for Smaller Reporting Companies in connection with the Board Diversity Rule?
Identification Number 1759

Smaller Reporting Companies may satisfy the minimum diversity objective by including two female directors, or by including one female director and an individual who self-identifies as LGBTQ+ or an Underrepresented Minority. 

 

In addition, all companies listed on our Nasdaq Capital Market receive an additional year to meet the minimum diversity objectives or explain why they do not meet the minimum diversity objectives.  The minimum diversity objectives for these companies are one director within two years of the Effective Date (August 6, 2021) and two within five years of the Effective Date.  If a company files its proxy statement or its information statement (or, if the company does not file a proxy, in its Form 10-K or 20-F) for the company‚Äôs annual shareholders meeting after the anniversary of the Effective Date in the calendar year for each respective year noted above, then the company will have until the date it makes such filing to meet, or explain why it does not meet, the applicable diversity objectives.
Publication Date*: 8/6/2021 Mailto Link Identification Number: 1759
material_search_footer*The Publication Date reflects the date of first inclusion in the Reference Library, which was launched on July 31, 2012, or a subsequent update to the material. Material may have been previously available on a different Nasdaq web site.
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