In a win for diversity and inclusion, the United States Fifth Circuit Court of Appeals rejected a conservative challenge to the SEC’s approval of the NASDAQ corporate board diversity rule, which requires NASDAQ-listed companies to have two “diverse” members on their corporate board or explain why if they don’t.

In February 2022, we filed an amicus brief with Lambda Legal on behalf of academic experts in business, management, and economics — showing the Court the connection between improved corporate diversity and firm financial performance, shareholder protection, and more.

This is an important victory for furthering a bold, vibrant democracy. 

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