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Nasdaq's Proposed Board-Diversity Rule Is Immoral and Has No Basis in Economics


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The Nasdaq Stock Exchange (Nasdaq)REF is the second-largest stock exchange in the world.REF Approximately 2,900 U.S. companies and 600 foreign companies list their stock on Nasdaq.REF It is also a so-called self-regulatory organization (SRO) that has been delegated regulatory authority by Congress and by the U.S. Securities and Exchange Commission (Commission, or SEC).REF Nasdaq imposes and enforces detailed rules on the companies it lists,REF but these rules must be approved by the SEC.REF Invoking the imperatives of the “social justice movement”REF and the “benefits to stakeholders of increased diversity,”REF Nasdaq is seeking SEC approval to impose a corporate governance rule that would require all listed companies to appoint directors based on sex. Many of these companies would also have to appoint directors on the basis of race, ethnicity, or sexual orientation.REF ....

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Pamplin Media Group - Diego Hernandez should resign from Reynolds School Board


Diego Hernandez should resign from Reynolds School Board
March 04 2021
On the heels of his resignation from the Oregon House of Representatives under a cloud of sexual harrassment complaints, Diego Hernandez should also resign from the Reynolds School Board.
Rep. Diego Hernandez avoided expulsion from the Oregon House in February by resigning in the aftermath of multiple violations of legislative rules against sexual harassment and creating a hostile work environment.
Now, Hernandez faces another decision, whether he should continue to serve in an elected capacity on the Reynolds School Board. That group has tentatively scheduled a discussion and vote on March 10 on a resolution where it might ask Hernandez to step down voluntarily. ....

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