Diogenes
Nemo me impune lacessit
In National Center for Public Policy Research (NCPPR) v. SEC, the en banc U.S. Court of Appeals for the Fifth Circuit vacated the SEC’s approval of Nasdaq’s “Board Diversity Rules.”
Attorneys at the New Civil Liberties Alliance (NCLA) described the discredited rules as follows: “These Rules imposed gender, race and sexual orientation quotas on corporate board membership for Nasdaq-listed companies, compelling those that failed to meet their board seat quotas to explain why or face involuntary delisting from the stock exchange.”
In 2020, we were told a reckoning was coming. Well, it’s now 2024 and the terms of that reckoning have changed.
Corporations that continue to forceneo-racism on their employees and other stakeholders will be left facing boycotts and lawsuits that will materially harm their bottom line. And don’t let the left tell you they weren’t warned -- they were.
NCLA Persuades en Banc Fifth Circuit to Vacate Legally Defective Nasdaq Board Diversity Rules
These Rules imposed gender, race and sexual orientation quotas on corporate board membership for Nasdaq-listed companies.
nclalegal.org
Fifth Circuit Strikes the NASDAQ Diversity Rule
Yup, two posts in one day – and early in the week for me – but this seems to be a day for an outpouring of corporate governance news. I reserve the right
www.businesslawprofessors.com
