The W$J tells us that the New Confederacy is concerned, very concerned:
A group of Senate Republicans decried Nasdaq’s push for greater diversity on corporate boards, saying it interfered with board members’ duty to govern in the best interests of shareholders and could harm financial performance. In a letter on Friday, all 12 Republicans on the Senate Banking Committee called on the Securities and Exchange Commission to reject Nasdaq’s proposal to require the thousands of companies listed on its stock exchange to include women, racial minorities, and LGBT individuals on their boards.
“We commend individual firms for the proactive efforts they have already made in recruiting, promoting, and maintaining diverse talent,” the senators, led by Pennsylvania’s Pat Toomey, wrote. “However, it is not the role of Nasdaq…to act as an arbitrator of social policy or force a prescriptive one-size-fits-all solution upon markets and investors.”
Of course the Republicans would be against having women, minorities, and the ‘mos be represented in corporate America. The Republicans are against having women, minorities, and the ‘mos in their party.