A group of senate Republicans decried Nasdaq’s push for greater diversity on corporate boards, saying it interfered with board members’ duty to govern in the best interests of shareholders and could harm financial performance.
In a letter on Friday, all 12 Republicans on the Senate Banking Committee called on the Securities and Exchange Commission to reject Nasdaq’s proposal to require the thousands of companies listed on its stock exchange to include women, racial minorities and LGBT individuals on their boards.
Source: Nasdaq’s Plan for Diversity on Corporate Boards Is Decried by Senate Republicans – WSJ
