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Nasdaq's regulations promoting racial and gender diversity on company boards are being challenged by the Fifth Circuit, known for its right-leaning stance. Judges expressed skepticism and raised concerns about potential implications on religious practices, political beliefs, and other aspects beyond diversity.
Nasdaq’s push for board diversity targets is facing a fresh round of legal challenges. https://t.co/35dRF3QJIe
Lawyers for the SEC and Nasdaq faced questions from the 5th Circuit, with judges wondering whether rules requiring disclosure of board diversity information would open the door to questions on religious practices, political beliefs or Taylor Swift fandom. https://t.co/Kf4gviecDT https://t.co/EBjqTsrUUJ
Nasdaq board diversity regulations face skeptical Fifth Circuit https://t.co/AnOyX9wvaQ
