1Source: McKinsey & Company, “Diversity wins: How inclusion matters,” May 2020. Based on the gender and ethnic diversity of executive teams. Figures are relative to companies with bottom quartile executive team diversity. | 2Companies with five or fewer board members are only required to have one diverse director. | 3Source: NASDAQ Listing Center, “NASDAQ’s Board Diversity Rule,” February 2022. | 4Companies that qualify are those with principal executive offices in the state. Companies with five directors must have a minimum of two females on the board and those with six or more directors must have a minimum of three female directors on the board by 2021. | 5Source: JDSUPRA, “The Push for Corporate Board Diversity Requires Your Attention, Regardless of Legal Challenges,” April 2022. | 6Source: Bloomberg, “EU Set to Approve 40% Quota for Women on Company Boards by 2026,” June 2022. | 7Source: S&P Global, “Gender Equality in the Workplace,” February 2021 | 8Source: Harvard Business Review, “What Happened When India Mandated Gender Diversity on Boards,” February 2021. | 9Source: Caerulean Analytics, a research, data, and analytics firm focused solely on Diversity, Equity, & Inclusion (2021).