Posted on 12/01/2020 6:33:45 AM PST by karpov
Nasdaq Inc. aims to require listed companies to include women and people of diverse racial identities or sexual orientation on their boards, the exchange operator said Tuesday.
Nasdaq filed a proposal with the Securities and Exchange Commission that would require listed companies to have at least one female board member, plus one board member from an underrepresented minority or who is lesbian, gay, bisexual or transgender. Companies that don’t meet the standard would be required to explain why not.
Nasdaq has determined that over the past six months, more than three-quarters of its listed companies would have fallen short of the proposed requirements.
Foreign companies and smaller companies could meet the requirement with two female directors, Nasdaq said.
If the proposal is approved by the SEC, companies would be required to disclose board-diversity statistics within a year. Time frames to meet diversity requirements for board composition would depend on a company’s listing tier, Nasdaq said.
(Excerpt) Read more at wsj.com ...
Wow -- sex, race, and even buggery as job qualifications.
This again? They must be dragging it out again because they are feeling emboldened.
Sell everything.
Ah hell, do it right. Every imaginable race, and gender should be represented on the board. Given that there are now, what, 57 genders, there should be at least 100 board members.
China is already pushing us to madness, we may as well help.
“...plus one from an underrepresented minority....”
************************************************
Patriotic America Firsters are underrepresented on almost all boards.
Under-represented minority?
Does that mean they’ll hire a conservative?
More companies need to stay (or return to being) Private. This will be a good incentive.
...require companies to have at least one female board member, plus one from an underrepresented minority...
This is the same thing as requiring all board members be white males, and just as illegal.
This is utter communist insanity.
It doesn’t matter WHAT you can do - it matters WHO you are!
It’s ass backwards, evil and creates a caste society of winners and losers based upon ever changing whims of the elites.
I always have to check these stories to see if they are from the Babylon Bee.
A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both. ~ Milton Friedman
It just shows what a fake bubble we are in, when they feel they can get away with this.
That’s NOT their job and purpose.
They most likely got some insane lib on their executive committee that thinks they rule the market...they don’t.
Great way to kill companies.
Can they just identify as female or do they have actually be one. Same for the LBTQ - is someone going to check?
Stick to FINANCE, Nasdaq !
Good grief ! The United States has lost it’s collective mind !
Appeal to the Supreme Court?
It begins.
Obvious prediction: Protests lodged by the gender-conflicted crowd.
just when i was ready to start my new company...
Right Side Software - RSS
only #MAGA supporters and #AmericaFirst types would be hired.
Well, I believe that is what finally ended affirmative action.
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