Board Diversity Rule
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Frequently Asked Questions
  Do foreign companies and smaller reporting companies that have a board of directors of five or fewer members also have the added flexibility of satisfying the minimum diversity objective with one diverse director?
Identification Number 1795

Yes.  Under Nasdaq’s Board Diversity Rule, a company with a board of directors of five or fewer members, even if the company is otherwise a foreign company or a smaller reporting company, must have, or explain why it does not have, at least one member of its board of directors who is diverse.  

Publication Date*: 8/6/2021 Mailto Link Identification Number: 1795
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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