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There has been a major development that could affect workplace diversity and how you run your company going forward. You see, NASDAQ wants to include more women in business. They have made a formal inquiry to the SEC to mandate that they can dictate the diversity of the boards of all 3300 of their publicly traded companies.
This is big news for all business owners because it indicates a significant shift towards more diverse leadership in business. This move is supposed to be like the one happening in California, where companies must have one woman on their board of directors and two women within the next two years.
NASDAQ wants to mandate that two board of director positions include people who are normally underrepresented. Each board will include one person who identifies as female (including non-binary or transgender), and one that identifies as LGBTQ+. The aim is to increase both the number of women in business, and workplace diversity more generally.
So, how does this factor into what businesses should pay attention to?
Well, the conversation about diversity, inclusion, and equity (DEI) is a huge topic that every company is tackling at this time. Most companies are at least trying to do something. The reason is because public pressure is intense. We are now seeing a huge amount of voluntary reports from companies divulging their diversity plans.
This means that the pressure on all businesses is going to increase. To be competitive, you need to increase your own workplace diversity. By having more diversity, and more women in business, your organization will reflect the growing desire for equality and inclusion.
What do you think about NASDAQ’s recent inquiry? Let me know in the comments!
#DEI #boarddiversity #deispeaker
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