Diversity Mandate For Listed Companies In December 2020, Nasdaq made history by becoming the first US stock exchange to put a stake in the ground for board diversity, proposing a comply-or-explain requirement on companies listed on the exchange. Credits: By Tara K. Giunta is a Partner in the Litigation Department is a Vice Chair of the Investigations and White Collar Defence practice and Quinn Dang is an associate, at Paul Hastings LLP