CNN BUSINESS | Nasdaq to Corporate America: Make your boards more diverse or get out

New York (CNN Business) – Nasdaq is proposing a rule that would require at least some measure of diversity on the boards of directors of companies listed on the exchange.

The rule, which needs the approval of the Securities and Exchange Commission to take effect, would require companies to have at least two diverse directors, including one woman and one member of an “underrepresented” minority group, including Black people, Latinos or members of the LGBTQ+ community. Smaller companies and foreign companies on the exchange could comply with two woman directors.  —read more—