Scarinci Hollenbeck regularly publishes articles pertaining to legal updates affecting individuals and institutions in New York and New Jersey, and the world at large. Here you can find coverage for when we welcome new attorneys, significant wins we’ve secured on behalf of our clients, and general announcements.
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SEC Approves NASDAQ Board Diversity Rule – What Listed Companies Must Do Next
Author: Thomas H. Herndon, Jr.Date: August 13, 2021
The Securities and Exchange Commission (SEC) recently approved Nasdaq Inc.’s Board Diversity Rule, which will require all companies listed on Nasdaq’s U.S. exchange to publicly disclose consistent, transparent diversity statistics regarding their board of directors. Additionally, the new rule will require most NASDAQ-listed companies to have, or explain why they do not have, at least two diverse directors, including one who self-identifies as female and one who self-identifies as either an underrepresented minority or LGBTQ+.
As we have discussed in prior articles, diversity is becoming an increasingly important consideration when it comes to selecting board members, with shareholders calling on boards to include more women and racial minorities. While federal regulators have not yet established requirements regarding board diversity, states are beginning to take action. In California, boards must have at least one female member. Starting on January 1, 2021, companies based in Illinois are required to disclose the race and gender of their directors.
Will Co-Working Spaces Replace the Traditional Office?
The transition to remote and hybrid work models is forcing many businesses to rethink their use of office space... Even...
NJ Supreme Court Rules Adverse Employment Action Not Required for LAD Claim
An adverse employment action isn't necessary to support a failure-to-accommodate claim under the New Jersey Law Against Discrimination (LAD)... An...
New York’s Off-Duty Conduct Law Now Includes Cannabis Use
When New York legalized the recreational use of cannabis for adults 21 and over, it also amended the state’s off-duty...
Can NJ Employers Mandate COVID-19 Vaccinations for Employees to Return to Work?
While return to work plans involve a number of important considerations, one of the most significant (and controversial) is whether...
Appellate Division Relies on Hager to Uphold Reimbursement of Medical Cannabis
May 17, 2021
The New Jersey Appellate Division recently upheld a worker's compensation court decision ordering Pepsi Bottling Group to reimburse a one-time...
Understanding How New Jersey’s Recreational Cannabis Law Impacts Employers
March 30, 2021
When New Jersey legalized recreational cannabis in February, it dramatically altered the legal landscape governing cannabis use, including how employers...
Where Should Employers “Post” Required Notices for Remote Workers?
February 18, 2021
The shifting nature of the “workplace” requires employers to rethink many of their compliance obligations... New York and New Jersey...
Law Imposes New Disclosure Requirements on New York Commercial Lenders
February 12, 2021
Gov. Andrew Cuomo recently signed legislation (Senate Bill S5470) that imposes new disclosure obligations on New York commercial lenders... Gov....
Answering Your Top Questions About PPP Loan Forgiveness
January 4, 2021
Navigating the PPP Loan Forgiveness Process can be challenging... Full loan forgiveness is an essential feature of the Paycheck Protection...
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