Advancing Board Diversity: Nasdaq’s New SEC Approved Rule Falls Short for People with Disabilities

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In August 2021, the U.S. Securities and Exchange Commission (SEC) approved a request from Nasdaq, a stock operator, to require its listed companies to report on their diverse boards or explain the lack of diversity. The Nasdaq proposal defines diversity to include at least one female-identifying board member and one of another marginalized group, such as race and identifying as a member of the LGBTQ+ community. Corporate America has historically lagged in efforts to broaden racial and gender diversity at the highest levels of governance and leadership.

But one of America’s largest minority groups is excluded from the Nasdaq proposal

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