Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Nasdaq    NDAQ

NASDAQ

(NDAQ)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Nasdaq : proposes board diversity requirement for listed companies

12/01/2020 | 09:20am EST
FILE PHOTO: A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City

NEW YORK (Reuters) - Nasdaq Inc on Tuesday filed a proposal with the U.S. Securities and Exchange Commission that, if approved, will require all Nasdaq-listed companies to adopt new rules related to board diversity and disclosure or potentially face delisting.

The new rules will require most Nasdaq-listed companies to have, or publicly explain why they do not have, at least two diverse directors, including one who self-identifies as female and one who self-identifies as either an underrepresented minority or LGBTQ+.

All companies will be expected to have one diverse director within two years of the SEC's approval of the new rule.

"Our goal with this proposal is to provide a transparent framework for Nasdaq-listed companies to present their board composition and diversity philosophy effectively to all stakeholders," said Nasdaq Chief Executive Officer Adena Friedman.

"We believe this listing rule is one step in a broader journey to achieve inclusive representation across corporate America," she said.

Foreign companies and smaller companies would have additional flexibility in satisfying the diversity requirement with two female directors.

The exchange operator said that over two dozen studies found an association between diverse boards and better financial performance and corporate governance.

Companies that are not able to meet the board composition objectives within the required time-frames will not be subject to delisting if they provide a public explanation of their reasons for not meeting the objectives, Nasdaq said.

(Reporting by John McCrank; Editing by Chizu Nomiyama)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
NASDAQ -1.47% 140.04 Delayed Quote.5.50%
NASDAQ COMP. -0.87% 12998.502287 Delayed Quote.0.86%
All news about NASDAQ
01/15Factbox: U.S. companies suspend political donations after Capitol attack
RE
01/15Oppenheimer Adjusts Nasdaq's Price Target to $158 From $149, Maintains Outper..
MT
01/15Nasdaq Resumes Trading in Generations Bancorp NY, Inc.
GL
01/14Nasdaq Halts Generations Bancorp NY, Inc.
GL
01/13Nasdaq Issues Statement on Political Action Committee Donations
GL
01/13Deutsche Bank Adjusts Nasdaq PT to $163 From $159, Maintains Buy Rating
MT
01/13NASDAQ : Launches New Risk Platform for the Sell-Side and Broker Clearing Indust..
AQ
01/13NASDAQ : Welcomed 79 Listings to its European Markets in 2020
AQ
01/12NASDAQ, INC. : Results of Operations and Financial Condition, Financial Statemen..
AQ
01/12NASDAQ : Projects Higher Non-GAAP Operating Expenses in 2020; Posts Higher Decem..
MT
More news
Financials (USD)
Sales 2020 2 855 M - -
Net income 2020 952 M - -
Net Debt 2020 2 334 M - -
P/E ratio 2020 24,9x
Yield 2020 1,39%
Capitalization 22 972 M 22 972 M -
EV / Sales 2020 8,87x
EV / Sales 2021 8,39x
Nbr of Employees 4 776
Free-Float 66,9%
Chart NASDAQ
Duration : Period :
Nasdaq Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NASDAQ
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 146,79 $
Last Close Price 140,04 $
Spread / Highest target 16,4%
Spread / Average Target 4,82%
Spread / Lowest Target -28,6%
EPS Revisions
Managers and Directors
NameTitle
Adena T. Friedman President, Chief Executive Officer, COO & Director
Michael R. Splinter Chairman
Michael Ptasznik Chief Financial Officer & EVP-Corporate Strategy
Bradley J. Peterson Chief Information Officer & Executive VP
Lars Rune Wedenborn Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
NASDAQ5.50%22 972
HONG KONG EXCHANGES AND CLEARING LIMITED7.86%74 764
INTERCONTINENTAL EXCHANGE, INC.-0.09%64 654
LONDON STOCK EXCHANGE PLC1.40%43 588
DEUTSCHE BÖRSE AG-4.09%29 618
B3 S.A. - BRASIL, BOLSA, BALCÃO-3.48%23 266