The ruling this week only confirms what many executives have quietly come to accept: the diversity efforts they adopted and celebrated aren’t simply under attack – they’re getting rolled back. The new Donald Trump administration is bound to dial up the pressure.
The message from Nasdaq as the Black Lives Matter movement exploded across the US: push for diversity – or prepare to explain.
Four years later, a federal appeals court has struck down an attempt by Nasdaq’s US exchange – home of Apple, Nvidia, Microsoft and Tesla, among others – to compel companies to include more women, people of colour and LGBTQ+ directors on their boards.
