Mr. Friscus
Diamond Member
- Dec 28, 2020
- 7,232
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a federal appeals court has struck down an attempt by Nasdaq’s US exchange – home of Apple Inc, Nvidia Corp, Microsoft Corp and Tesla Inc, among others – to compel companies to include more women, people of color and LGBTQ+ directors on their boards.
It's a good thing to let businesses just run themselves, and hire and maintain whoever is best for the job. Having Nasdaq REQUIRE a company to have a "POC" and a "trans/LGBTQ" person on their boards is honestly insulting to those groups, and just encourages companies to go around and find a token person to fill a quota.. never respecting or valuing them for their accomplishments.
And, it makes any POC or LGBTQ on any board suspect to belief that the only reason they're there is because they're a DEI hire.
Very good news to see more and more of this DEI/woke ideology being smacked down hard.
Death of Nasdaq Diversity Rule Signals More Trouble for DEI
The message from Nasdaq as the Black Lives Matter movement exploded across the US: push for diversity – or prepare to explain. Four years later, a federal
www.insurancejournal.com
It's a good thing to let businesses just run themselves, and hire and maintain whoever is best for the job. Having Nasdaq REQUIRE a company to have a "POC" and a "trans/LGBTQ" person on their boards is honestly insulting to those groups, and just encourages companies to go around and find a token person to fill a quota.. never respecting or valuing them for their accomplishments.
And, it makes any POC or LGBTQ on any board suspect to belief that the only reason they're there is because they're a DEI hire.
Very good news to see more and more of this DEI/woke ideology being smacked down hard.