These days, “diversity” is an altar before which all are compelled to genuflect, if not abjectly grovel. One of the latest and loudest converts to the cause is Nasdaq. Last December, the stock market index began pressing the Securities and Exchange Commission for permission to require companies listed on its exchange to demonstrate board diversity by having at least one woman and one person who self-identifies as underrepresented or LGBTQ and to publish board diversity reports. Nasdaq would be the first major exchange to demand companies meet such non-financial benchmarks.
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