Kieran
The GOAT
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Nasdaq has diversity as a requirement if companies want to be listed. There’s so many things wrong with this policy, but it’s in vogue, and nobody wants the unthinking mob branding them as bigots in public. I think Nasdaq got ahead of the posse, to signal their virtue. I can only imagine this is the case, nobody who is serious about freedom and right of businesses to compete on their own terms could hamstring others in this way.
From their own website:
From their own website:
U.S. court upholds Nasdaq board diversity rule
The rule requires companies to have one director who identifies as female, a member of an underrepresented racial or ethnic minority, or LGBTQ+ by the end of this year or explain why they do not. Companies would generally need two diverse directors to satisfy the rule by 2026.