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Frequently Asked Questions
  Do Foreign Issuers 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 Issuer (as defined under Rule 5605(f)(1)) or a Foreign Private Issuer 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*: 1/13/2023 Mailto Link Identification Number: 1795
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