Apple & Tesla | NASDAQ Stock Exchange demands listed companies diversify their boardrooms

Firms currently listed on the Nasdaq, America’s second largest stock exchange, which tracks over 3,300 stocks, will have to adhere to new targets around gender and diversity, the exchange this week confirmed.

Companies such as Apple and Tesla, which are listed on the exchange, will be required to have at least two diverse directors, or will have to justify why they don’t, in accordance with the new regulations set out by the Nasdaq.

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The directors should include one person who identifies as female and another as an underrepresented minority or LGBTQ+.

The new rules came about following complaints around the lack of diversity among America’s corporate elites. According to data compiled by the exchange in 2020, more than 75% of its listed companies would not have met its proposed targets at the time.