Knightscope (NASDAQ: KSCP) Disrupts NASDAQ Governance Standards with 86% Female Board

February 18, 2022 10:56:55
  • NASDAQ’s proposal for more diversity (one female and one ethnic/LGBTQ+ member) was approved by the SEC in 2021
  • Knightscope’s board of directors includes CEO and Chairman of the Board William Santana Li and six female independent directors
  • The company’s autonomous security robots provide 24/7/365 security by observing, recording and reporting through the Knightscope Security Operations Center interface

California was the first state to pass a law to require more diversity on corporate boards. The law, passed in 2019, requires that board members of publicly-held California-based companies have at least one female director by the end of 2019 and three by the end of 2021. In addition, the inclusion of “underrepresented populations” is also a requirement, with anyone found in violation risking a fine of $300,000. 

Since then, other states have followed in California’s footsteps, including Washington, Massachusetts, New Jersey, and Illinois – which only requires the disclosure of female and minority board members. The approach was also…

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