1. U.S. Senate Republicans Ask SEC to Reject Nasdaq Diversity Rules

    U.S. Senate Republicans Ask SEC to Reject Nasdaq Diversity Rules

    (Reuters) - Republican members of the U.S. Senate's Banking Committee on Friday urged securities regulators to reject corporate diversity rules proposed by Nasdaq Inc. In a letter to the head of the U.S. Securities and Exchange Commission, the Republicans said the effort by the exchange operator to set boardroom diversity requirements for listed companies would interfere with boards' duties to their shareholders, violate securities disclosure principles and could impose costs on companies...

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    1. While we think America's corporations benefit from boards that avoid groupthink and offer a diversity of perspectives and commend firms that look to increase diversity among their boards, we do not think NASDAQ should be using its quasi-regulatory authority to impose social policies.
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