Corporate governance expert and vice chair of ValueEdge Advisors Nell Minow said the proposed Nasdaq rules are just one step in the right direction. “It’s about time that the exchanges started stepping up to the plate on some of these issues. They’re in a much better position to address all kinds of corporate governance issues than the SEC or the states,” she said. “All the studies show that companies that do have more diverse boards do better because you know who else is diverse? Customers. Shareholders. Employees.”

Nasdaq released new diversity requirements. Pushback quickly followed. – The Lily