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/darkestvice 26d ago

Why would NASDAQ force diversity on a board of directors of all things? I had no idea that this was even a thing until now.

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u/spicytoastaficionado 24d ago

The rule was initiated in late 2020, in the post-George Floyd era of weird, outright illegal and discriminatory hiring practices some companies embraced.

Goes without saying that a stock exchange trying to strong-arm companies into fulfilling an arbitrary diversity quota for their exec. boards is way out of bounds.