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/Sabertooth767 Neoclassical Liberal 26d ago

If NASDAQ wants to add a little logo that shows whether a company is sufficiently DEI, sure. But it's not their job to dictate the composition of corporate boards.

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u/-Boston-Terrier- 26d ago

I don't agree with forcing companies to be sufficiently DEI but on the other hand Nasdaq, Inc is a private company. I see no good reason they shouldn't be allowed to list only companies who meet their DEI requirements - even if I think those requirements are stupid.

Any company that doesn't agree with the requirements are always free to list on the NYSE or wherever else instead.

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u/WorksInIT 26d ago

Is it lawful for a company to require something that is illegal as a condition to their sevices?

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u/-Boston-Terrier- 26d ago

I'm not saying it is.

I'm just saying a private company should be able to do what they want here.

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u/JudgeWhoOverrules Classical Liberal 26d ago

Private companies don't get to force others to violate the Civil Rights Act. Using race as a factor on who to hire or place into positions is explicitly illegal

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u/-Boston-Terrier- 26d ago

Again, I didn't say it wasn't.

I'm just saying it shouldn't be.