Just when you thought things couldn’t get any weirder, the NASDAQ wants our government to force LGBTQ Wokeness on corporate America.
No, I’m not making this up.
The NASDAQ is now pushing for SEC approval of a rule that would require public companies on its exchange to have at least one woman director and one “diverse” director – meaning a director that self-identifies as an underrepresented minority or LGBTQ.
Ironically (or NOT) there’s still no requirement that Board Members need to know how to read financial statements.
And yet they want to make them board members?
The exchange is also pushing for its more than 3,000 companies to be forced to report “data on board diversity” or “face consequences.”
One of those consequences is having to publicly explain why they haven’t done so.
Force “Wokeness” on Private Companies
Even more frightening is the fact that the NASDAQ wants to impose these rules on private companies as well.
Correct me if I’m wrong here. But aren’t private companies supposed to be, you know…private?
If the SEC approves the new rule, it will not only provide companies with “an opportunity to make” the Left’s woke definition of “progress,” it will require them to do so.
Maybe this is a sign that the NASDAQ is committing financial suicide by pandering to the “Get Woke and Go Broke” crowd.
Maybe they’ll end up like the NBA or NFL.
Or Maybe they’re trying to go around the shareholders by threatening to de-list companies if they refuse to follow unconstitutional rules?
Or Maybe, just maybe, I’m going to self-identify as a black female lesbian and demand they put me on a corporate board.
What I do know is that weirdness in 2020 has eclipsed any reality show in its effort of Keeping up with the Kardashians.
Get ready for a wild finish to 2020, The Year of Chaos by reading December’s issue of “…In Plain English.”
It will give you confidence going into 2021, The Year of the Great Reset.
And share this with a friend…They’ll thank YOU later.
It’s Not Just About Finance.