Nasdaq and the SEC are back on the defense in court supporting stock exchange rules intended to put more women and minorities on corporate boards.
A three-member panel of the US Court of Appeals for the Fifth Circuit was correct in its October decision to uphold the requirements for thousands of Nasdaq-listed companies to have diverse boards or explain why they don’t, Nasdaq and the Securities and Exchange Commission said in court filings Monday.
A pair of conservative groups, the Alliance for Fair Board Recruitment and National Center for Public Policy Research, had asked the full Fifth Circuit to rehear ...
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