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Frequently Asked Questions
  What if we have Diverse board members who don't want to be counted as Diverse (e.g., an LGBTQ+ community member who is not "out")? Would we have to add additional Diverse board members to comply with the proposed board diversity and disclosure rules?
Identification Number 1768
Directors may choose to opt out rather than reveal their Diversity characteristics to the company.  In that case, the company would identify these directors in the “undisclosed” category in the board diversity disclosure matrix.  If a company has directors who do not wish to be identified or counted as Diverse, the company could explain that in order to satisfy the diversity requirement in the proposed board diversity and disclosure rules, or the company could add additional Diverse directors who consent to the disclosure of their Diversity characteristics.
Publication Date*: 11/30/2020 Mailto Link Identification Number: 1768
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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