Kenneth Silverman Quoted in Bloomberg Law on Nasdaq-Listed Companies’ Disclosure of Board Diversity Information

Olshan Corporate partner Kenneth Silverman was quoted in a Bloomberg Law article (subscription required) on the various formats that Nasdaq-listed companies use to report board diversity information. Nasdaq provides companies the flexibility on how to comply with this disclosure requirement, and many companies follow the exchange’s diversity reporting templates. Some companies, however, choose to report board diversity using their own iconographic rows and columns, and different reporting methods could make it difficult to determine companies’ actual board diversity. Whatever reporting method a company uses, Ken advised, it should have “good reasons” for doing so, such as providing investors with more information than they would get from Nasdaq’s suggested templates. Ken also observed that, “Different companies have different perspectives on every element of their business. There will be language differences.”