ANALYSIS: Companies Slow to Check the Boxes for Board Diversity

Employee diversity has been a hot-button issue for companies, but board diversity has become increasingly important as well. And with the SEC’s approval of Nasdaq’s diversity rule in 2021, companies listed on the exchange must comply with the rule’s mandate that they hire at least one self-identified female and one self-identified minority or LGBTQ+ director for their board.

Since we’re more than two years out from the rule’s approval, I decided to take a look at companies’ filings to see how they’re faring with compliance. Based on my comparison of corporate filings over several three-week periods, there’s work to be ...