Board Diversity: Policy Updates and Considerations for Proxy Season

Public companies find themselves rethinking disclosures relating to the diversity of their board and their director recruitment practices as they head into proxy season, given recent developments – including the US Court of Appeals for the Fifth Circuit’s decision striking down Nasdaq’s board diversity rules, the current administration’s presidential executive orders on diversity, equity and inclusion (DEI) initiatives, and changes to proxy advisor and institutional investor policies on board diversity. Read Cooley’s alert here.