Opinion | The Woke Nasdaq

Opinion | The Woke Nasdaq

With all the ways for business to raise capital nowadays, listing on a U.S. stock exchange has lost much of its appeal. Enter the Nasdaq on Tuesday with a proposal to make itself even less competitive.

The second largest exchange in the world has asked the Securities and Exchange Commission for permission to impose a quota system on the boards of its listed companies. The new rule would mandate that corporate boards have a minimum of one woman director and one who is a minority or LGBTQ. Small companies and foreign companies…

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