Courts Block Nasdaq Diversity Rules: Where Will Boards Stand Now?
Without Nasdaq’s requirement for listed companies to have one women, one minority and one LGBTQ director, or explain why they do not, boards should reevaluate where they stand on DEI.
Without Nasdaq’s requirement for listed companies to have one women, one minority and one LGBTQ director, or explain why they do not, boards should reevaluate where they stand on DEI.
Despite recent backlash, many publicly traded companies continue to maintain and promote DEI initiatives, while some have changed their terminology.
The anti-ESG backlash is in full swing, even as new regulation demands more disclosure and climate concerns threaten supply chains. How can boards find balance?
As more companies announce that they are eliminating DEI initiatives, corporate boards need to consider how they will approach this matter.
Corporate board members can use these findings to help determine the level of shareholder engagement that may be required to avoid potential problems involving backlash on ESG issues.
Following Tractor Supply’s decision to halt DEI and ESG initiatives, boards may need to prepare for shareholder upset on both sides of the argument.