Nasdaq’s Board Diversity Proposal Faces SEC Decision

These types of requirements are literal institutional racism/sexism/etc and companies should just bail on the Nasdaq rather than cower before interference into their management practices. I also am not fond of the fact that only progressive notions of diversity are considered - sexual orientation is included but not ideological diversity or urban/rural diversity or whatever else. It’s just so random and arbitrary.

This but is also laughable:

> “We are pleased that the SEC has ap­proved Nas­daq’s pro­posal to en­hance board di­ver­sity dis­clo­sures and en­cour­age the cre­ation of more di­verse boards through a mar­ket-led so­lu­tion,” Nas­daq said in a state­ment Fri­day.

How is it a market led solution when diversity requirements are being forced upon individual companies by a centralized institution? Nasdaq being private makes it about as “market led” as anti-competitive payment processors imposing constraints on merchants.