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Board Diversity Rule
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Frequently Asked Questions
  When is a newly listed company on Nasdaq Capital Market required to have at least one diverse director or explain its reasons for not doing so?
Identification Number 1811

There is no specific milestone for an issuer newly listing on Nasdaq Capital Market to have at least one diverse director.  After August 6, 2021 an issuer newly listing on Nasdaq Capital Market has until August 6, 2026 to have, or explain why it does not have, two diverse directors. After August 6, 2026, an issuer newly listing on Nasdaq Capital Market will have two years from the time of listing to meet the objective to have two diverse directors or explain its reasons for not doing so.  

More information on the application of the Board Diversity Rule to new companies listing on Nasdaq is detailed here.

Publication Date*: 10/1/2021 Mailto Link Identification Number: 1811
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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