Fenwick’s corporate counsel Ron Llewellyn recently spoke to Agenda about Nasdaq’s board diversity disclosure rules that recently went into effect. While there has been some opposition from groups challenging the rules, many boards have embraced them and, in some cases, exceeded the minimum requirements.
According to Llewellyn, many boards have welcomed the diversity disclosure rules because they understand that investors and other stakeholders have been pushing for demographic transparency of company leadership.
“I think most companies recognize this is something their investors care about, so they have been willing to comply with it,” he said. “I think overall they understand that this is an important issue for their largest investors.”
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