Nasdaq’s Proposed Board-Diversity Rule a Supposed Monumental Step Towards a Corporations Social Responsibility of Increasing Diversity

2020 will be remembered predominantly for COVID-19, a pandemic that left our world’s economy at a standstill. Yet whilst our daily routines may have come to a halt, 2020 brought forth with it, a host of significant social and political disturbances that have established the need for governmental and corporate bodies to address such issues seriously.One of the more potentially seismic changes is the world’s second-largest stock exchanges in Nasdaq proposing to the United States Securities and Exchange Commission (SEC) “a rule change to adopt listing rules related to board diversity.” Nasdaq has a total of approximately 3,400 US and foreign companies listed on it ensuring a rule related to board diversity could potentially be far-reaching and a monumental step towards the implementation of minorities and women on the board.