Success Has Many Mothers – Here Are The Women Who Paved The Way For Nasdaq’s Bold Effort To Put More Women On Boards — Just Approved By The SEC

Leadership, “Reputation Matters,” Forbes, August 20, 2021

“Add Women, Change Everything,” Marie Wilson, one of the leaders of the women’s movement and founder of The White House Project, famously said in her book “Closing the Leadership Gap.”

Was she ever right. On August 6^th, in an historic and somewhat surprising move, the SEC approved Nasdaq’s revolutionary rule to require its 3,000 listed companies to have either one or two women on their board of directors (depending upon board size), as well as one person from a racial minority or who identifies as LGBTQ+ — or publicly explain why not.

This rule, championed by Nasdaq CEO Adena Friedman, on top of other state laws and emerging investment best practices, is changing the game for corporate governance, as well as for women in the C-suite, and throughout organizations, globally. […read more]