Free Republic

A group of Republican-led states slammed Nasdaq’s implementation of a diversity disclosure rule for corporate boards this week, arguing in a court filing that the requirement is illegal and unconstitutional. The states outlined their position in a legal brief supporting a lawsuit in the Fifth Circuit Court of Appeals, which seeks to block the rule. In the filing, the GOP administrations argued that Nasdaq rule “violates both the Constitution and exceeds the SEC and Nasdaq’s statutory authority.” “It is unconscionable to see discrimination so blatantly put on display by requiring these companies to hire employees based solely on race, sex,...

No excerpt from Bloomberg allowed, story here.

Boards composed entirely of white males can damage their businesses by indulging in narrow “groupthink”, says Helen Alexander, who is nominated on Monday as the first female president of the CBI employers’ group. Ms Alexander, senior adviser to Bain Capital, criticised the slow growth in female appointments to FTSE 100 boards, where women still occupy under 12 per cent of directorships. In an interview with the Financial Times, she said that while “most sensible companies” were starting to take the issue seriously, “you might just be losing real talent and at an important time”. Ms Alexander is expected to be...

Hi Neil……. I am a sometime viewer who can’t see you regularly at 4:00, but do watch when able. I realized recently that you commonly do something I would love to do…….have a chat with Jack Welch.  I have spent considerable time online over the last 4 years cussing and discussing the various elements of mainstream media bias, especially in the 3 broadcast networks.  The discussions almost always end in wonderment as to why the various corporate individuals, the Chairman , the CEO’s and the board members condone the bias in the news organizations owned  by their  corporations. What motivates...