Truly illegal! Forcing diversity, or rather Marxism on private industry.

Biden Administration Approves Rule Forcing Companies To Hire Minority, LGBTQ+ Executives And Publicly Disclose Diversity


The top U.S. financial regulatory agency approved a rule that forces publicly-traded companies to reveal the diversity of their executive boardroom to investors.

The Securities and Exchange Commission (SEC) voted in favor of the rule, which will apply to all companies traded on the Nasdaq stock exchange, according to the text of the approval released Friday. The rule, first proposed by Nasdaq in December, will also require companies to hire at least one female director and one either minority or LGBTQ+ director to their boards.

Companies may be delisted from the exchange if they fail to comply with the new diversity requirements within four years. Several major corporations including Apple, Google, Amazon, Tesla, JPMorgan Chase, Johnson & Johnson, Disney, Nike and Walmart are traded on the Nasdaq.

"These rules will allow investors to gain a better understanding of Nasdaq-listed companies' approach to board diversity, while ensuring that those companies have the flexibility to make decisions that best serve their shareholders," Biden-appointed SEC Chairman Gary Gensler said in a statement after the vote.

https://dailycaller.com/2021/08/06/joe-biden-administration-securities-exchange-commission-gary-gensler-nasdaq-diversity/

Quote from: Solar on August 06, 2021, 06:07:58 PMTruly illegal! Forcing diversity, or rather Marxism on private industry.

Biden Administration Approves Rule Forcing Companies To Hire Minority, LGBTQ+ Executives And Publicly Disclose Diversity


The top U.S. financial regulatory agency approved a rule that forces publicly-traded companies to reveal the diversity of their executive boardroom to investors.

The Securities and Exchange Commission (SEC) voted in favor of the rule, which will apply to all companies traded on the Nasdaq stock exchange, according to the text of the approval released Friday. The rule, first proposed by Nasdaq in December, will also require companies to hire at least one female director and one either minority or LGBTQ+ director to their boards.

Companies may be delisted from the exchange if they fail to comply with the new diversity requirements within four years. Several major corporations including Apple, Google, Amazon, Tesla, JPMorgan Chase, Johnson & Johnson, Disney, Nike and Walmart are traded on the Nasdaq.

"These rules will allow investors to gain a better understanding of Nasdaq-listed companies' approach to board diversity, while ensuring that those companies have the flexibility to make decisions that best serve their shareholders," Biden-appointed SEC Chairman Gary Gensler said in a statement after the vote.

https://dailycaller.com/2021/08/06/joe-biden-administration-securities-exchange-commission-gary-gensler-nasdaq-diversity/

Just more government Blackmail!

Quote from: walkstall on August 06, 2021, 06:24:15 PMJust more government Blackmail!

BINGO!!! 

Quote from: Solar on August 06, 2021, 06:07:58 PMTruly illegal! Forcing diversity, or rather Marxism on private industry.

Biden Administration Approves Rule Forcing Companies To Hire Minority, LGBTQ+ Executives And Publicly Disclose Diversity


The top U.S. financial regulatory agency approved a rule that forces publicly-traded companies to reveal the diversity of their executive boardroom to investors.

The Securities and Exchange Commission (SEC) voted in favor of the rule, which will apply to all companies traded on the Nasdaq stock exchange, according to the text of the approval released Friday. The rule, first proposed by Nasdaq in December, will also require companies to hire at least one female director and one either minority or LGBTQ+ director to their boards.

Companies may be delisted from the exchange if they fail to comply with the new diversity requirements within four years. Several major corporations including Apple, Google, Amazon, Tesla, JPMorgan Chase, Johnson & Johnson, Disney, Nike and Walmart are traded on the Nasdaq.

"These rules will allow investors to gain a better understanding of Nasdaq-listed companies' approach to board diversity, while ensuring that those companies have the flexibility to make decisions that best serve their shareholders," Biden-appointed SEC Chairman Gary Gensler said in a statement after the vote.

https://dailycaller.com/2021/08/06/joe-biden-administration-securities-exchange-commission-gary-gensler-nasdaq-diversity/

This is really unconstitutional. I cant see this holding up in court. This is literally judging people by the color of their skin, or by whats between their legs.

Quote from: T Hunt on August 06, 2021, 10:22:55 PMThis is really unconstitutional. I cant see this holding up in court. This is literally judging people by the color of their skin, or by whats between their legs.

Exactly! It's like Affirmative Action on Estrogen. Which was also illegal, and we can thank the GOP for that one as well.

Quote from: walkstall on August 06, 2021, 06:24:15 PMJust more government Blackmail!

I believe all these unconstitutional actions by the Biden administration are purposeful distractions. Their actual actions are such disasters that they must create distractions and these moves are designed to get the MSM  give them cover.

Quote from: supsalemgr on August 07, 2021, 07:17:15 AMI believe all these unconstitutional actions by the Biden administration are purposeful distractions. Their actual actions are such disasters that they must create distractions and these moves are designed to get the MSM  give them cover.

Funny, isn't it? Congress couldn't do this because it's unconstitutional, but Bitme can with an EO?
I don't think so.