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17 CFR § 38.1150 - Core Principle 22.

---
identifier: "/us/cfr/t17/s38.1150"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 38.1150 - Core Principle 22."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "38.1150"
section_name: "Core Principle 22."
chapter_name: "COMMODITY FUTURES TRADING COMMISSION"
part_number: "38"
part_name: "DESIGNATED CONTRACT MARKETS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 1a, 2, 6, 6a, 6c, 6d, 6e, 6f, 6g, 6i, 6j, 6k, 6l, 6m, 6n, 7, 7a-2, 7b, 7b-1, 7b-3, 8, 9, 15, and 21, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. 111-203, 124 Stat. 1376."
regulatory_source: "66 FR 42277, Aug. 10, 2001, unless otherwise noted."
cfr_part: "38"
---

# 38.1150 Core Principle 22.

The board of trade, if a publicly traded company, shall endeavor to recruit individuals to serve on the board of directors and the other decision-making bodies (as determined by the Commission) of the board of trade from among, and to have the composition of the bodies reflect, a broad and culturally diverse pool of qualified candidates.