Appeals court will rehear challenge to Nasdaq board diversity rule, putting mandate at risk
Publishing timestamp: 2024-02-20 15:20:19
Summary
The 5th Circuit U.S. Court of Appeals will rehear a challenge to Nasdaq's board diversity rule, which mandates disclosure by companies on the stock exchange about the diversity of their boards of directors. Conservative groups are challenging the rule, claiming it promotes racial discrimination. The court will reconsider the challenge to the Securities and Exchange Commission's approval of the rule in an en banc proceeding.
Sentiment: MIXED
Tickers: NDAQ,
Keywords: civil rights violations, nasdaq inc, sec, laws, social issues, markets, breaking news: markets, breaking news: politics, stock exchanges, business news, politics,
Source: https://www.cnbc.com/2024/02/20/appeals-court-to-rehear-nasdaq-diversity-rule-challenge.html