A federal appeals court on Wednesday ruled that Nasdaq could not impose rules requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do ...

A federal appeals court blocked Nasdaq rules to increase boardroom diversity, saying that the Securities and Exchange Commission did not have the authority to approve them. Wednesday’s ruling ...

In what will likely mark the final outcome, the U.S. Court of Appeals for the Fifth Circuit, sitting en banc, struck down the Nasdaq Stock Market’s diversity-disclosure framework on Dec. 11, 2024.

On December 11, 2024, the U.S. Court of Appeals for the Fifth Circuit, in a 9-8 en banc decision, vacated the approval of Nasdaq's board diversity rules by the Securities and Exchange Commission ...

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Wokeness is in retreat, but its stench will be hard to eliminate. Consider the curious case of the bone-headed “Nasdaq diversity rules” — edicts by the stock market giant to force every ...

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A federal circuit court recently vacated a U.S. Securities and Exchange Commission (SEC) order approving Nasdaq’s diversity rule for boards of directors of public companies. The rule would have ...