Ringo
Gold Member
- Jun 14, 2021
- 12,209
- 4,999
Securities and Exchange Commission (SEC) The United States has approved a change in the listing conditions of the Nasdaq exchange, where the shares of three thousand largest high-tech public companies are listed. The rules relate to following the Diversity Management policy when forming the boards of directors of companies that are traded on Nasdaq.
Under the new rules, issuers are required to disclose the demographic breakdown of boards of directors. The board must include at least one woman, as well as at least one representative of a national minority or LGBT+.
Companies that will not be able to ensure the presence of women and minorities on the board are obliged to publicly explain why this cannot be done. Otherwise, after 180 days, they will cease to be listed on the Nasdaq exchange.
The Nasdaq survey says that 75% of companies still do not meet the requirements.
What a great news for both conservative capitalists and liberal ones. For conservatives, this is a triumph of private property and the right of a private owner to decide what to do in his business and for liberal capitalists, this is a triumph of the sexual revolution and the right of the individual to perversion. All together, capitalism continues to successfully rot and spoil the air on the planet.
Under the new rules, issuers are required to disclose the demographic breakdown of boards of directors. The board must include at least one woman, as well as at least one representative of a national minority or LGBT+.
Companies that will not be able to ensure the presence of women and minorities on the board are obliged to publicly explain why this cannot be done. Otherwise, after 180 days, they will cease to be listed on the Nasdaq exchange.
The Nasdaq survey says that 75% of companies still do not meet the requirements.
What a great news for both conservative capitalists and liberal ones. For conservatives, this is a triumph of private property and the right of a private owner to decide what to do in his business and for liberal capitalists, this is a triumph of the sexual revolution and the right of the individual to perversion. All together, capitalism continues to successfully rot and spoil the air on the planet.