The NAS believes the SEC should enforce this, so that private listed companies get this yoke thrown on them as well. This looks like a great way to force companies to list in other countries. What a bunch of morons. If the SEC won't do it - then the NASDAQ will turn around quickly as companies choose to list elsewhere.
Nasdaq seeks mandatory rule on board diversity for companies
- Thread starter Zor_Champ
- Start date
That sounds like reverse discrimination.
The board of NDAQ is 90% white, 30% that look like women (who knows how they identify), and 100% woke.
I just adore these wokeness identity competitions, carried out under the feel-good banners of inclusion and diversity. It's important that the privileged white elites feel good about how they made their millions and billions.
It will be impossible for Joe Biden to unify his own political party, never mind the country. The Democrats are a morass of racial and identity competitors - all playing a zero-sum one-upsmanship game. It's the most unappealing aspect of the Democratic Platform in my mind.
It will be impossible for Joe Biden to unify his own political party, never mind the country. The Democrats are a morass of racial and identity competitors - all playing a zero-sum one-upsmanship game. It's the most unappealing aspect of the Democratic Platform in my mind.
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And sounds like a real dumb idea; as if an exchange knows better than a company why a woman does not want to be on the board.
MAYbe like billionaire Ross Perot/they find it to boring/LOL.........................................................Maybe all of them should quote that on why more women are not on the board!!!!!
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Exactly+ i wish NADQ would get some leadership with a backbone,like NYSE.
NYSE said they would move if the Dems in NJ try to pass the transaction tax on them.
And as far as requiring a woman on the board/LOL noticed NADQ waited until they had a woman in leadership before they required this nonsense of others.LOL
Newly relevant bit of history - “get woke, go broke”, as they say.
https://www.bloomberg.com/news/arti...en-join-corporate-boards-stock-prices-go-down
An analysis of 14 years of market returns across about 1,889 companies finds that when they appointed female directors, they experienced two years of stock declines. The market value of a given company fell 2.3% by adding one additional woman.
The researchers asked senior managers with MBAs to read fictional press releases announcing new board members. The statements were identical, except for the gender of the incoming director. Participants rated those hiring men as more likely to care about profits and less about social values and those hiring women as “softer,” Snellman said.
I can’t believe those racist stock traders, caring more about the company’s commitment to profits than to gender diversity and “stakeholder” issues. Too bad competency is not a Nasdaq board requirement, or even enforcing director independence.
https://www.bloomberg.com/news/arti...en-join-corporate-boards-stock-prices-go-down
An analysis of 14 years of market returns across about 1,889 companies finds that when they appointed female directors, they experienced two years of stock declines. The market value of a given company fell 2.3% by adding one additional woman.
The researchers asked senior managers with MBAs to read fictional press releases announcing new board members. The statements were identical, except for the gender of the incoming director. Participants rated those hiring men as more likely to care about profits and less about social values and those hiring women as “softer,” Snellman said.
I can’t believe those racist stock traders, caring more about the company’s commitment to profits than to gender diversity and “stakeholder” issues. Too bad competency is not a Nasdaq board requirement, or even enforcing director independence.
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