Nasdaq’s Board Diversity Court Win Draws New Conservative Appeal

A second conservative group has asked the full US Court of Appeals for the Fifth Circuit to review a three-judge panel’s decision to sustain rules intended to increase representation of women and minorities on the boards of companies listed on Nasdaq.

The National Center for Public Policy Research’s petition for review submitted Monday follows a similar request from the Alliance for Fair Board Recruitment in October. The two right-leaning groups argue that the judge panel erred in its October ruling letting Nasdaq Inc. keep SEC-backed regulations that require thousands of companies listed on the exchange to have diverse boards or ...