Nasdaq Wins SEC Support for Plan to Diversify Company Boards (2)

Nasdaq Inc. won the Securities and Exchange Commission’s support to help get more women and minorities on boards of companies trading on the stock exchange.

The SEC gave its approval of a Nasdaq board diversity proposal in an order posted on the agency’s website Friday. The endorsement is among the agency’s most substantial actions taken to encourage diversity and inclusion since it made environmental, social and governance matters a top priority under the Biden administration.

“Organizations are stimulated by different carrots and sticks,” and the SEC’s decision “takes the conversation from ‘this would be nice’ to ‘this is a business ...