Business
Nasdaq Board-Diversity Rule takes center stage in Court Battle
Lawyers for conservative groups argued in federal court Monday that Nasdaq The push to target diversity for listed companies leads to illegal racial and gender discrimination quotas.
Two far-right groups sued the Securities and Exchange Commission last year, setting up a hot-button battle over corporate diversity and how far regulators can go to promote it. Groups sued the SEC because it approved it Nasdaq listing rules, acting as the regulator of the stock exchange.