Republican Attorneys General Press Nasdaq on Diversity ‘Quota’ for Corporate Boards – MSN

Republican Attorneys General are putting pressure on Nasdaq to reevaluate their proposed diversity “quota” for corporate boards. The group is concerned that this mandate could potentially harm businesses by forcing them to prioritize diversity over qualifications when selecting board members. Nasdaq’s proposal would require companies listed on their exchange to have at least one woman and one minority or LGBTQ+ individual on their board. The Attorneys General argue that this policy goes against the principles of free market capitalism and could lead to negative consequences for companies and shareholders. Nasdaq has defended their proposal, stating that diversity on corporate boards leads to better decision-making and performance. The debate between Nasdaq and the Attorneys General continues as both sides seek to find a solution that balances diversity and meritocracy in corporate America.