The case against SEC board diversity mandates ...Middle East

The Securities and Exchange Commission (SEC) is pushing forward a series of bureaucratic mandates that would fundamentally limit public companies’ ability to operate in the best interests of shareholders and other stakeholders. These mandates also threaten to hurt the very people the rules claim to benefit. Most recently, the SEC has supported the Nasdaq Board Diversity rule, which requires all Nasdaq-listed firms to have directors who are female, non-white, gay or transgender, or else explain why they do not. The rule, which the 5th Circuit Court of Appeals just declined to review, would also require companies to report board diversity statistics. As our recent policy brief outlin

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