Woke Nasdaq Should Mind Its Own Business | The American Spectator | USA News and Politics

Just as it would be outrageous for Safeway to tell Campbell s whom they must hire as if Safeway knows the best way to make soup or to get involved with any other ordinary aspect of corporate governance, it would also be outrageous for a stock exchange to tell a firm how to operate, beyond the sorts of investor protections noted above, to maintain a listing on the exchange.

But on Tuesday, Nasdaq, the second-largest stock exchange operator in the world, announced that they would file a proposed rule with the Securities and Exchange Commission to, according to the Wall Street Journal, require listed companies to have at least one woman on their boards, in addition to a director who is a racial minority or one who self-identifies as lesbian, gay, bisexual, transgender or queer.

There are so many problems with this proposal, even beyond its beyond parody wokeness.

via spectator.org