California has led the country in pushing companies to diversify their top ranks, starting with a 2018 law that required corporate boards have at least one woman.
Judicial Watch’s lawsuit, filed a month after the law was signed, argued that it was unconstitutional because it mandated quotas. California has led the country in pushing companies to diversify their top ranks, starting with a 2018 law that required corporate boards have at least one woman. Companies that do not comply face fines.
The Securities and Exchange Commission has approved a rule by Nasdaq, set to go in effect this year, that will require companies listed on its exchange to disclose the ethnic and gender makeup of their boards and have at least two “diverse” members or explain why they do not. Other states, including Maryland and New York, have required companies to disclose board diversity statistics, but none have enacted mandatory quotas.
Source: Law Daily Report (lawdailyreport.net)
Mandated racial quotas are racist. What happen to the idea of equal opportunity for everyone is some group is excluded?
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