United States:
SEC Punts NASDAQ Diversity Decision
22 March 2021
Proskauer Rose LLP
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After receiving extensive outside pressure from a variety of
sources, include Senate Republicans, the SEC announced
last week that it is deferring its decision on whether to approve a
Nasdaq proposal to require "diverse" members on
companies' boards. The SEC is also simultaneously awaiting the
confirmation of its new Chairman, Gary Gensler, which is still
pending before the Senate. It seems unlikely that the Commission
will decide on the rule before the new Chairman is installed. We
will continue to follow for additional updates.
SEC Punts NASDAQ Diversity Decision
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