Corporate Governance, Corporate Ownership And The Role of Institutional Investors

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U.S. Appeals Court overturns Nasdaq board diversity rule

2024-12-13T17:55:00Z By Aaron Nicodemus

A U.S. Appeals Court overturned a Securities and Exchange Commission rule that had required companies listed on the Nasdaq stock exchange to disclose whether their boards had women or minority members–and if not, why not.
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The Securities and Exchange Commission ordered the owner of Rimar Capital and a board member of its holding company to pay nearly $524,000 in penalties for defrauding investors with false and misleading statements about its use of artificial intelligence.