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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50

u/SpicyButterBoy Pragmatic Progressive 25d ago

What should a stock echange platform have ANY say in the make up of a companies board of directors?

19

u/CorndogFiddlesticks 25d ago

To be listed on our exchange, a company must....

There are many rules.

This one was overturned by the courts as being discriminatory.

-6

u/ScreenTricky4257 25d ago

I think that kind of discrimination should be legal. But, if it's going to be illegal, then it cuts both ways and if decisions can't be made against demographic diversity, then they can't be made for it either.

9

u/tributarybattles 25d ago

That's the entire point, hire based on ability not on skinability.