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.
In the other corner is Stacey Cunningham, president of NYSE Group, which oversees the New York Stock Exchange, the oldest and most famous U.S. stock market. Like Friedman, Cunningham, 46, is the first woman in her role. While she says she supports Nasdaq’s goal, she doesn’t think it’s the role of exchanges to try to change society. “The data is very, very clear that businesses perform better when there’s more diversity on their board,” Cunningham told me late last year in a Bloomberg TV interview. However, she added, “When we use exchange listing standards to require things like diversity profiles or others, we’re defining the investable universe.”
Esta historia es de la edición April - May 2021 de Bloomberg Markets.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición April - May 2021 de Bloomberg Markets.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
See Which Countries Are Falling Behind On Climate Change
Under the Paris Agreement, 190 countries and the European Union pledged to take steps to hold the global temperature rise to less than 2C (3.6F) from preindustrial levels—and preferably 1.5C.
Billionaires Vie for the Future of Brazilian Finance
An escalating battle between two billionaires is upending the financial community in São Paulo, Latin America’s wealthiest city.
Ford Foundation's Darren Walker: ‘We Have to Get Uncomfortable'
DARREN WALKER, 62, disrupted his Wall Street life more than 25 years ago when he left what is now UBS Group AG to volunteer at a school and eventually pursue a career in community development and philanthropy. Since 2013 he’s been at the pinnacle of the philanthropic world as president of the Ford Foundation, created by the family of automaker Henry Ford during the Great Depression to advance human welfare.
Fueling the Ener Transition
I MAY BE BIASED, but some of the most important research and data on the Bloomberg terminal lies in one of its lesser-known functions: {BNEF }
Dig Into Analysts' Estimates for Disruptive Companies
THE PANDEMIC ERA generated a whole wave of disruptive companies as it accelerated the introduction of new products and services in areas including artificial intelligence, digitization, electronic payments, online meeting platforms, and virtual currencies.
Climate Risks Come for Sovereign Credit
FOR YEARS climate scientists have warned about the ferocious wildfires and hurricanes that are now overwhelming many communities. Today alarms are ringing about a related financial danger: risks lurking within government bonds, the biggest part of the global debt market.
Responsible-Investing Pioneer Lydenberg Says ESG Needs An Upgrade
STEVE LYDENBERG’S passion for social change was inspired by anti-Vietnam War demonstrations, consumer boycotts, and the movement to divest from apartheid South Africa. But he didn’t take to the streets. Instead, Lydenberg turned to the world of finance to help catalyze societal change.
Engine No. 1's Grancio: ‘People Will Appreciate an Economic Argument'
ENGINE NO. 1 sent shock waves across corporate America in May when the fledgling investment firm won a boardroom battle with Exxon Mobil Corp., securing three seats on the oil and gas giant’s board after purchasing only about $40 million of its stock.
Find Out Which Companies May Ramp Up Payouts After Covid
AS THE PANDEMIC DISRUPTED business last year, many companies cut or suspended dividends. Which will boost their payouts when economies pick up again?
Get Into the Minds of Central Bankers as They Navigate Shocks
HAVE YOU EVER WONDERED how central bankers forecast the impact of shocks on the economy?