Saw today that NASDAQ is requiring companies to have at least one women and one minority on their boards or risk delisting.
Wanted to hear everyone's thoughts on this. On one hand, I guess its a good idea (?), I think its still the same "type" of people on the boards, i.e., wealthy and well educated.
Also, I don't know if its a good idea to have a requirement like this. Just could lead to a bunch of issues down the road in terms of who has say/what ideas affect companies. For example, if you have a BOD of six white men who you feel are the best advisors for your company, how is that bad?
Additionally, some what of a moon shot, what do we define as a minority and a women? Maybe its the accountant in me, but with all the stuff about "gender fluid" individuals, could we get to a point where a man "claims" to be a women in business situations, but a man in every other aspect of life. Also, what do we define as a minority, if you're 1/16 not white, does that count?
As a transracial lesbian transwomxn of color I support this
Bump
Qui rerum esse ut aspernatur accusantium est perferendis architecto. Repellat rem qui ut iure sit aut. Quia quibusdam quis quo exercitationem consequatur tempora.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...