Nasdaq Board Diversity Rule Boosted LGBTQ Policies, Report Says

Expected Nasdaq rules requiring companies listed on the exchange to add more board members from underrepresented groups have spurred the rapid adoption of LGBTQ-inclusive board policies in the past year, a new report says.

Approximately 50% of the 3,743 companies listed on the Nasdaq exchange now have policies to include LGBTQ members on their boards, up from just 3% a year ago, according to a report released Wednesday by Out Leadership. The past year also has brought large gains in board diversity policies on gender, race, ethnicity, national origin and age, the report said. ...