CII backs Nasdaq’s proposal to improve diversity on boards

Companies could be delisted if they fail to meet ‘comply or explain’ requirement The Council of Institutional Investors (CII) has thrown its weight behind Nasdaq’s proposal that would require companies to disclose board diversity or potentially face delisting. In a letter filed with the Securities Exchange Commission on 30 December, the non-profit association of US […]

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Nasdaq proposes diversity disclosure for listed companies

Nasdaq proposes diversity disclosure for listed companies The stock exchange group wants companies to disclose diversity data and impose minimum representation requirements  Nasdaq has filed a proposal with the US Securities and Exchange Commission (SEC) that, if approved, would require all companies listed on Nasdaq’s US exchange to disclose board diversity or face delisting.  The rules would require most Nasdaq-listed companies to have […]

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Spanish “loyalty shares” draw central bank criticism

Spanish “loyalty shares” draw central bank criticism The Bank of Spain has emerged as part of almost unanimous opposition to its government’s proposed introduction of so-called loyalty shares for listed companies.   According to El Pais, in its response to a consultation on a new securities and finance bill, the central bank said it could see the potential drawbacks of the proposal much more clearly […]

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FCA fundraising companies

The Financial Conduct Authority (FCA) has stepped in to protect shareholder rights as it introduces measures to help listed companies withstand from the fallout of coronavirus. In an announcement on 8 April, the regulator acknowledged that many companies would turn to capital markets to raise money and recover from the crisis. As a result, the […]

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