1、 https:/crsreports.congress.gov December 10, 2021Nasdaqs Board Diversity DirectiveCorporate board directors have critical roles in the operation of publicly traded firms. Some of those responsibilities include (1) decisionmaking as fiduciaries on behalf of the companys shareholders and oversight of
2、senior corporate management; (2) finding, hiring, and firing senior executives; (3) formulating senior executive compensation; (4) voting on corporate acquisitions and mergers; (5) determining dividend policy; and (6) deciding on whether to authorize stock buybacks. Research has been conducted on bo
3、ard diversity. For example, in 2021, the Conference Board, a business membership and research group, reported that among the firms in the Russell 3000 index (a stock index that encompasses the majority of publicly traded firms with 98% of the weighted market capitalization of the stock market in mid
4、-2021) that disclosed their board diversity statistics: (1) women represented 24.4% of board members; (2) African Americans represented 10.9% of board members; (3) Hispanics represented 4.4% of board members; and (4) Asian, Hawaiian, and Pacific Islanders represented 4.9% of board members. Many obse