1. Nasdaq's Arguments for Diversity and Effect on Financial Performance

    Nasdaq's Arguments for Diversity and Effect on Financial Performance

    Nasdaq recently asked the Securities and Exchange Commission (SEC) to approve new diversity rules . To avoid forced delisting, a firm must “diversify or explain”: either have a certain number of “diverse” directors or say why it does not. In its proposal, Nasdaq tips its hat to the social justice movement. But investors should be nervous...

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