r/moderatepolitics • u/ShivasRightFoot • 26d ago

US appeals court rejects Nasdaq's diversity rules for company boards Culture War

https://apnews.com/article/nasdaq-sec-dei-diversity-board-a3b8803a646a62aeb2733bbd4603e670
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u/Unusual-Welcome7265 26d ago

Forcing DEI board hires to be listed on the stock exchange is directly against the mission of nasdaq and the SEC.

It’s a wild overstep and an incredibly stupid policy that goes against the interests of the stockholders and companies. If they have those members of the board, terrific, but it has to be merit based.

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u/DeadWaterBed 26d ago

Wait, you think boards are merit based? 

16

u/Live_Guidance7199 26d ago

Sure - ability to play golf and socialize with the other members is a trait.

Best trait? Certainly not, but still FAR better than mere tokens.