CNBC: Nasdaq is pushing for greater diversity among the more than 3,000 companies listed on its exchange.
- Under a proposal filed with the SEC, the majority of companies would be required to have at least one woman and at least one person who identifies as either an underrepresented minority or LGBTQ on the board.
- “We are taking the leadership here because there has been so little action on this front and we do think it’s an important thing for us to do — to create a more inclusive capitalist society and we think this is a step forward,” Nasdaq President and CEO Adena Friedman told CNBC. Read More …
Opinion: The penalty for companies that do not comply is permanent de-listing from the exchange. The company is then forced to list on smaller exchanges, causing a lack of prestige and possible big drop in share prices.
What we are seeing is the stealth enactment of the ‘Equality Act’ and the destruction of shareholder equity in the name of diversity.
The Democrat-led U.S. House of Representatives passed the Equality Act in 2019, but the legislation stalled in the Republican-controlled Senate.
If the proposal is approved — the 1964 Civil Rights Act and the Fair Housing Act would both be amended to prohibit discrimination on the basis of sexual orientation and gender identity in employment, housing, public accommodations, public education, federal funding and the jury system.
Greg Baylor from the Alliance Defending Freedom (ADF)
“This is a frontal assault on religious liberty that we have not seen in the history of our nation. Not only does it contain no exemptions for religious organizations for religious individuals like many of these laws in the past have done, it actually strips us of our constitutionally protected rights.”
Heritage Foundation: It’s no act of Equality:
The proposed Equality Act (H.R. 5) turns sexual orientation and gender identity (SOGI) into protected classes under the 1964 Civil Rights Act and the 1968 Fair Housing Act.
The bill creates obvious liberty, equality, privacy, and safety concerns. H.R. 5 would empower the federal government to impose civil and criminal punishments on citizens who dissent from SOGI ideology, including medical professionals, parents, women and girls, businesses, and charities.
The bill would violate their rights to freedom of conscience, religion, and speech. The bill would also take away basic authorities of local communities to determine who is allowed in single-sex facilities and whether biological men and boys are allowed to join women’s and girls’ sports teams.
Oct 28 (Reuters) – Democrat presidential candidate Joe Biden has promised to make passing the LGBTQ rights legislation, known as the Equality Act, a top priority hoping to sign what would be a landmark civil rights law within 100 days should he win Tuesday’s election.
There is only one chance left to stop this assault on religious freedom and it takes place in Georgia on January 5, 2021.
See our post from April 12, 2019 on how the Equality Act will affect: Employees and Workers, Medical professionals, Parents and children, Medical workers and Women here