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Nasdaq’s diversity rule rankles GOP states
The New York Post ^ | 12/31/2021 | Thomas Barrabi

Posted on 01/01/2022 9:06:09 AM PST by thegagline

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, and sexuality,” Texas Attorney General Ken Paxton said in a statement.

“The SEC’s quotas violate the Constitution and federal civil rights laws by requiring that companies overlook a person’s relevant qualifications under the guise of promoting diversity,” he added

***

The companies are urged to have at least two diverse directors, including one who self-identifies as female and one who self-identifies as an underrepresented minority or LGBTQ+ — and if not, they must explain why they did not meet the recommended standard. ***

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: bidensfault; blacksupremacy; corporateboards; discrimination; kenpaxton; nasdaq; obamasfault; racism; sec
Up next, social credit scores. If you are a straight white male: -10pts and get to the back of the line.
1 posted on 01/01/2022 9:06:09 AM PST by thegagline
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To: thegagline

Things are moving quickly.

Yesterday, New York State announced “No monoclonal antibody treatment for you If you are WHITE.” They skipped right over straight and male and went to the entire white race.

I’m kind of a pasty peach tone, so I’m not sure if they would exclude me.


2 posted on 01/01/2022 9:09:12 AM PST by ProtectOurFreedom (81 million votes...and NOT ONE "Build Back Better" hat)
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To: thegagline

The Democrat Party does not care if its policies are illegal and unconstitutional.


3 posted on 01/01/2022 9:09:39 AM PST by BenLurkin (The above is not a statement of fact. It is either opinion, or satire. Or both.)
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To: thegagline

Get to the back of the line....just like the DMV.


4 posted on 01/01/2022 9:10:20 AM PST by Freeper (My authority? I can read. )
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To: thegagline

the social credit score is ranked low to high, with anyone 700 or lower being denied the most access. 200 is about as low a score as I’ve seen. Perhaps below that its off to camp or organ harvesting.

Whites would begin at 200, with every misstep bring them a lower score and closer to a camp ;
Blacks would start at 900 ;
Spanish speakers at 850 ;
Asians at 600 ;
All others at 500 ; except
American Indians who would start at 1500, since their rights are enshrined in the Constitution, unlike every one else’s.


5 posted on 01/01/2022 9:20:23 AM PST by PIF (They came for me and mine ... now its your turn)
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To: thegagline

if you post on FR....get in the boxcar.


6 posted on 01/01/2022 9:38:09 AM PST by ealgeone
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To: thegagline

This is just part of the total degrading of society.


7 posted on 01/01/2022 10:04:41 AM PST by Parley Baer
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To: thegagline

None Dare Call It Discrimination


8 posted on 01/01/2022 10:26:36 AM PST by Regulator (It's fraud, Jim)
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