it asked the Securities and Exchange Commission for permission to require companies listed on its United States stock exchange to increase board diversity by having at least one woman and one person who self-identifies as underrepresented or LGBTQ and to publish board diversity reports, which would make it theASSOCIATED PRESSThe companies will be mandated to publish board diversity data within a year of approval, to have at least one underrepresented or LGBTQ board member within two years and...
Companies that don’t publicly disclose the data could be removed from the stock exchange and ones that fail to meet the diversity requirements will need to publish a reason. it would be ideal for the SEC to adopt a similar rule because it would be applied to public companies and the private equity companies it regulates.
Friedman said the decision is based on data showing the positive impact board diversity has on a company’s financial performance and said it increases investors’ confidence in the “future sustainability” of the company. companies did not met these diversity requirements within the last six months, according to data shared with the
Let me know if y’all need a 🏳️🌈
Tokenization. Put the best people for the job on the board.
FarmersBill
What happened to finding the best people versus selection based on race/gender, etc?
Liberal fascism at work at the Nasdaq
Thank you, Adena Friedman.
thanks
How about the best person for the job ?
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