Westerhaus in ‘Banking Dive’ for Nasdaq’s Proposed Board Diversity Rules
Kansas City Partner Vicki Westerhaus was quoted at length Dec. 10 by Banking Dive regarding new rules proposed by Nasdaq that would require companies listed on Nasdaq’s U.S. stock exchange to disclose diversity statistics for their boards of directors and to have at least two diverse directors – one who self-identifies as a woman and one who self-identifies as either an underrepresented minority or LGBTQ+. “Banks are going to need to plan ahead and start expanding their networks and looking for diverse directors now,” she said. “The proposal is, either add the directors or explain why not. I think, ultimately, the SEC will probably agree because it's not an absolute mandate.”
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