As Nasdaq moves to expose corporations that lack diverse boards of directors and enact new rules to increase director diversity, executives and legal department leaders for thousands of companies throughout the United States are considering their ability to comply with the various requirements of the proposal. 

Nasdaq on Tuesday asked the Securities and Exchange Commission to adopt a rule that would require more than 3,000 companies listed on Nasdaq’s U.S. stock exchange to publicly disclose diversity statistics for their boards of directors within a year of the SEC approving the proposal. The disclosure can be made in a proxy statement or on the company’s website. 

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