Nasdaq, diversity and Appeals court

Court Blocks Nasdaq Diversity Rules Challenging Corporate DEI Efforts
Nasdaq's groundbreaking board diversity rules hit a major roadblock as the U.S. appeals court ruled that it could not impose rules requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not.
Appeals court overturns Nasdaq’s board diversity requirements
In a significant ruling on Dec. 11, the 5th Circuit Court of Appeals determined that the Securities and Exchange Commission (SEC) lacked
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
Nasdaq required public companies to have at least one woman, person of color or LGBTQ member on their boards or explain why they do not.
Appeals Court Strikes Down Nasdaq’s Board-Diversity Rules
The exchange sought to require listed companies to disclose the gender and racial makeup of their boards and set diversity targets.
Nasdaq Diversity Rule Deemed Unenforceable By 5th Circuit
On December 11, 2024, the U.S. Court of Appeals for the 5th Circuit, sitting en banc, ruled that The Nasdaq Stock Market LLC (Nasdaq) cannot
A court tossed Nasdaq's diversity rules, but boardrooms have gotten more diverse anyway
The boardrooms of most major companies are no longer completely male-dominated — globally nearly all large public firms now have at least one woman director.Why it matters: It's a reflection of a big push for diversity in the boardroom that's now stalled out.
Court rules Nasdaq diversity initiative illegal
Opponents of the proposed DEI rule said it amounted to a public shaming of companies. They also faulted the SEC's approval of the measure.
US appeals court tosses Nasdaq board diversity rules
A U.S. appeals court on Wednesday ruled that Nasdaq could not impose rules designed to increase diversity in corporate America by requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not.
Nasdaq Board Diversity Rules Struck Down
On December 11, 2024, the U.S. Court of Appeals for the Fifth Circuit vacated the U.S. Securities and Exchange Commission’s (SEC’s) order
Fifth Circuit Overturns Nasdaq’s ‘Show or Tell’ Diversity Policy
Fifth Circuit strikes down Nasdaq’s board diversity disclosure rule.  Nasdaq communicates its acceptance of the court’s decision to listed companies.  Listed companies no longer need to comply with the rule.
Black Enterprise3d
Appeals Court Overturns Nasdaq Boardroom Diversity Rules In Latest Blow To DEI Efforts
The court ruled the SEC lacked authority to approve Nasdaq's board diversity requirements. The 5th Circuit Court of ...
JD Supra17h
Nasdaq Board Diversity Rules Vacated; SEC Approval Found “Arbitrary and Capricious”
In a 9-8 decision on December 10, 2024, the U.S. Court of Appeals for the Fifth Circuit struck down Nasdaq’s efforts to promote diversity on ...
Appeals court overturns Nasdaq requirement for diversity on boards
The U.S. Court of Appeals for the 5th Circuit struck down a Nasdaq rule that sought to promote diversity on corporate boards, ...
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Nasdaq’s DEI requirements for listed companies struck down
A federal appeals court has overturned Nasdaq's initiatives to impose diversity targets on the boards of its listed ...