Death of Nasdaq Diversity Rule Signals More Trouble for DEI

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 Inc, Nvidia Corp, Microsoft Corp and Tesla Inc, among others – to compel companies to include more women, people of color and LGBTQ+ directors on their boards.

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 ...