Diversity Data Debate at Stock Exchanges is About the Role of Finance
Bloomberg 2 hrs ago Sonali Basak
(Bloomberg Markets) Two of the most powerful women in finance are at odds over how to use their power.
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In one corner is Adena Friedman. The chief executive officer of Nasdaq Inc. oversees the Nasdaq Stock Market, which pioneered electronic trading 50 years ago and is now the primary exchange for all-powerful technology companies including Amazon, Apple, and Microsoft. Nasdaq is seeking to change its listing requirements to require companies to disclose diversity on their boards and explain themselves if they don’t have directors who self-identify as a woman or a member of an underrepresented minority. The proposal, under review by the U.S. Securities and Exchange Commission, aims to be “one step in a broader journey to achieve inclusive representation across corporate America,” Friedman, 51, said in the company’s Dec. 1 statement.