NASDAQ has proposed a new rule that would force companies listed on their stock exchange to have at least two "diverse" members on their boards. The standard for diversity depends on the region in which the company is located. For companies based in the United States, one board member would need to be a woman while the other must be an ethnic minority or a member of the LGBTQ+ community. When the company is based abroad, the diversity requirement is simplified to just two women.
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