Wokeness is in retreat, but its stench will be hard to eliminate.
Consider the curious case of the bone-headed “Nasdaq diversity rules” — edicts by the stock market giant to force every company that “lists” there to choose a board of directors that stresses intersectionality — racial, sexual and gender diversity — as opposed to competence.
Sure, diversity is a worthy goal, but demanding outcomes in hiring through practices such as Diversity Equity and Inclusion is the most counterproductive way to run a business that woke mankind ever thought of. Forcing it on corporate boards as Nasdaq has been doing since 2020 is particularly scary. And now it’s illegal.
Boards perform a vital function of oversight of public companies, and the C-suite. Making sure the CEO isn’t robbing the place blind is what the law — established through the Depression-era Securities and Exchange Act — demands from…
