The SEC has signed off on a Nasdaq proposal to rescind rules aimed at broadening the representation of minorities and women on corporate boards, following a court decision voiding the regulations.
Nasdaq Inc. has until Feb. 4 to delete the regulations from its rulebook, as the stock exchange operator requested earlier this month, the Securities and Exchange Commission said in a Jan. 24 order. Feb. 4 is the effective date of a US Court of Appeals for the Fifth Circuit mandate nullifying the rules.
The regulations, which the SEC approved in 2021, directed thousands of Nasdaq-listed companies to ...
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