While most Nasdaq-listed companies are opting to disclose the required Nasdaq board diversity matrix in their proxy statements, some companies are opting to instead provide such disclosure on their website. If a company elects to provide the board diversity matrix on its website rather than its proxy statement, a company is required to:
- Provide the board diversity matrix on its website in the Nasdaq-prescribed format or a substantially similar format.
- Clearly label the disclosure as board diversity matrix on its website.
- Complete Section 10 (Board Diversity Disclosure) of the Nasdaq Company Event Form within one business day after posting the matrix on its website. Such form requires the company to provide the disclosure date and URL location of the matrix.
See Nasdaq FAQ Identification Number 1767 and Question 2 of the following Nasdaq guidance.