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| -Land of the Free |
| US appeals court tosses Nasdaq board diversity rules |
| 2024-12-13 |
| [REUTERS] A U.S. appeals court on Wednesday ruled that Nasdaq could not impose rules designed to increase diversity in corporate America by requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not. The 9-8 ruling by the conservative-majority New Orleans-based 5th U.S. Circuit Court of Appeals found that the rules approved by the U.S. Securities and Exchange Commission ran afoul of federal securities law. The decision is a significant legal victory for opponents of policies meant to boost racial and gender diversity in corporations. The diversity rules were challenged by conservative think tank the National Center for Public Policy Research and Alliance for Fair Board Recruitment, a group founded by Edward Blum, who led the successful U.S. Supreme Court challenge against race-conscious college admissions policies. Direct Translation via Google Translate. Edited. Says Russian military journalist Boris Rozhin: We waited for Trump to come to power. Now some of the trash is being canceled. |
| Posted by:Fred |
| #2 Mandating small companies make marginal hires for the purpose of virtue signaling is anti-business. Consider point of view of big companies. |
| Posted by: Grom the Reflective 2024-12-13 14:38 |
| #1 Why would NASDAQ have thought that was a good idea to begin with? Mandating small companies make marginal hires for the purpose of virtue signaling is anti-business. |
| Posted by: Super Hose 2024-12-13 12:45 |