
Goldman Sachs, also part of the woke progressive movement, will no longer take a company public unless it has at least one “diverse” board member. Since September, the state of California has required companies headquartered there to have a minimum number of minority directors or face six-figure fines. -GEG
US stock exchange Nasdaq has warned listed companies they must appoint at least two “diverse” directors to their board – a ‘self-identified’ female and an “underrepresented minority” or LGBTQ person – or possibly face delisting.
Nasdaq revealed its plan to turbocharge diversity on its exchange in a proposal filed with the Securities and Exchange Commission (SEC) on Tuesday.
Under the proposed new rules, not only will all listed US companies be required to “publicly disclose consistent, transparent diversity statistics regarding their board of directors,” but “most” companies would have to either appoint “diverse” board members or explain why they hadn’t done so in a letter.
The mandatory addition of “one [director] who self-identifies as female and one who self-identifies as either an underrepresented minority or LGBTQ+” appears to leave room for Rachel Dolezal-style “self-identification” as something other than white, male, or straight – a potential loophole for companies that prefer to keep their current boards. Non-US companies and small firms would be permitted to appoint two female directors instead.
Listed companies would be required to publish their diversity stats within a year of the SEC adopting Nasdaq’s proposal, and be required to have “one diverse director” within two years of implementation. Depending on company size, they would have four or five years to comply with the two-director requirement. Those who fall short can escape delisting only “if they provide a public explanation of their reasons for not meeting the objectives.”
leftist jews
G. Edward Griffin, what a blessing you are. Thank you on behalf of the entire universe for your service to humanity. I do not have a website, I came in with the lights on so have been in awareness of the lie we call life. My youtube site you will find all things “light” meditations, talks on topics including ayahuascua, music recorded at gigs of conscious musicians. Lots of energy video demonstrations of auric body and connecting with the sun, our great portal to the universe. I know who am I and I know we are protected when we are… Read more »
s` Just beautiful; forcing companies to employ people to senior company positions just because of their skin colour, sexual preferences or beliefs? Whatever happened to excellence and/or capability? The dumbing down of America is in full swing