IM Coffee Chat - Session Three - Diversity in the Boardroom

Date: February 17, 2021

Time: 10:30 a.m. - 11:00 a.m. ET

Contact: Elise.Hoffer@ThompsonHine.com, 513.352.6748

Join us for a mid-morning break each Wednesday to chat about hot topics and trends relevant to your business. Our concise and practical discussions will focus on a variety of developments that impact corporate governance considerations for both publicly-traded and private companies, and we’ll offer insights and considerations that will certainly be of interest to you.

Wednesday, February 17

10:30 – 11:00 a.m. ET

Session Three: Diversity in the Boardroom: NASDAQ Proposal

In this third session, we will discuss Nasdaq’s proposed a new listing requirement for companies listed on its U.S. exchange to address Board Diversity. The proposed rule would require most Nasdaq-listed companies to 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+.

During this webinar we will discuss:

  • Nasdaq-listed companies will be required to publicly disclose board-level diversity statistics within one year of the SEC’s rule approval.
  • An overview of the progressive rule requirements, including potentially requiring foreign issuers to add women and other disadvantaged groups to its board within 5 years.
  • Explore Nasdaq’s statistical analysis of the relationship between diverse boards and improved financial performance and corporate governance.
  • Considerations for companies regarding legal counseling and their response to this impending rule.

Presenters:

  • Marc Minor, Senior Counsel, Thompson Hine
  • Tracy Stewart, Corporate Governance Manager, Florida State Board of Administration