Nasdaq Board Diversity Matrix

The legal template for Nasdaq Board Diversity Matrix under USA law is a comprehensive document that outlines the requirements and guidelines set forth by the United States Securities and Exchange Commission (SEC) and the Nasdaq Stock Market for promoting diversity and inclusion on corporate boards. This template establishes the framework for companies listed on Nasdaq to comply with the new listing rules related to board diversity and disclosure requirements. It provides guidelines for companies to evaluate and report on the diversity of their board members, as well as requirements for transparency and disclosure related to their diversity initiatives. The template may include provisions for defining diverse characteristics such as gender, race, ethnicity, and other underrepresented groups. It outlines the procedures and criteria for determining board diversity, including the minimum number of diverse directors that must be appointed and the timeline for compliance. The legal template is designed to ensure companies meet their obligations in promoting diversity and fostering an inclusive corporate culture, aligning with the broader objective of enhancing transparency and accountability in the corporate governance framework.