3 ms·
> The diversity rule, proposed by Nasdaq to the SEC in December 2020, required each Nasdaq-listed company to publicly disclose information on the gender, racial
by koolba 3y ago
> The diversity rule, proposed by Nasdaq to the SEC in December 2020, required each Nasdaq-listed company to publicly disclose information on the gender, racial characteristics, and LGBTQ+ status of the company’s board of directors.
Putting aside the asininity of the rule itself, how could a company possibly comply? To ask for the information would be incredible intrusive.
- sokoloff 3y agoI think categorizing US employees for gender and race is widely accepted and widely done. Disclosing the board members as "unknown/undisclosed" for LGBTQ+ status would seem to have to be permitted under the rule (which it does by my naive/lay reading, perhaps with a required explanation, which could be "we choose not to require the answering of invasive personal questions from any of our community, including our board.")