SEC issues rule mandating Nasdaq trading companies to have ‘diverse’ corporate board with race, sex, LGBTQ quotas
08/13/2021 // JD Heyes // Views

Americans have completely lost control of their government and there isn't anything that can be done about it at this point short of dissolving the union and starting over, but there are sure to be few takers for that option.

So, we'll just continue to decline morally, culturally, and societally until the country collapses on its own.

The latest evidence of our lunatic decline comes from Wall Street, of all places, where the capitalist quest for profits and growth is quickly being replaced with a Marxist social construct known as "equity" -- meaning imposed 'equality' that isn't really 'equal' or fair.

Once upon a time Corporate America and most of the rest of the country thrived under what is known as a "merit-based system," or one in which the best performing or best-qualified persons regardless of age, sex, skin color, sexual orientation (not that anyone even asked back then) were promoted and given the top slots in companies.

Today, however, thanks to the federal Securities and Exchange Commission, acting on a rule change request filed by officials with the Nasdaq stock exchange, all 3,000-plus companies that trade on the financial index have to become "woke" or, presumably, be kicked out of the exchange.

LifeSite News reports:

The nation’s financial markets regulator has approved a plan by Nasdaq to implement that all companies trading on its exchange meet diversity quotas.

The Nasdaq Stock Market first submitted its proposed rule change to the U.S. Securities and Exchange Commission (SEC) in December.


Now approved, the proposal will require listed companies “to have at least one director who self identifies as a female” and “at least one director who self–identifies as Black or African American, Hispanic or Latinx, Asian, Native American or Alaska Native, Native Hawaiian or Pacific Islander, two or more races or ethnicities, or as LGBTQ+.”

Under the new rule, companies trading on Nasdaq are now required to turn over information regarding the racial, gender, and sexual identification of their board members. The rule also require them to “provide statistical information in a proposed uniform format on the company’s board of directors related to a director’s self-identified gender, race, and self-identification as LGBTQ+.”

But, LifeSite News continues, the new rule which claims to be "inclusive" does not include others who think they are marginalized as well.

"The American Association of People with Disabilities (AAPD) asked Nasdaq to include people with disabilities in the rule. Boards may report that data, but it is not a requirement under the approved policy," the website reported.

Corporate and company boards may electively report that information but it's not required under the regulation, proving again that 'equity' and 'equality' are not the same concepts and they are decided upon arbitrarily by left-wing Marxist bureaucrats and functionaries, none of whom have ever earned an honest dollar or started and built a company of their own.

The AAPD noted that “ it is important to remember that disability inclusion matters to investors" while going on to press Nasdaq to think about how to include Americans with disabilities and how that will help reach more customers and build better policies -- though there is no evidence even a plurality of Americans care about such nonsense and are instead wedded to the old 'racist' meritocracy system.

The AAPD went on to say that boards with people who have disabilities would be “better positioned to execute responsible governance, effective risk management, and optimal decision-making, as well as enhanced customer alignment, employee engagement, and transparency, as compared to those without."

There is, of course, no evidence for that claim, either.

Now, let's extrapolate this thinking to include other professions: Do we want the best surgeon possible operating on us or a diversity hire who may or may not be as competent or skilled? How about professional sports -- do want to watch the best athletes or sub-par athletes who aren't as good but check the box of "diversity?"

This insanity will destroy our society. It's just a matter of time.

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