{"id":269017,"date":"2021-06-08T01:38:31","date_gmt":"2021-06-07T22:38:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nasdaq-stock-exchange-behind-diversity-push-blasted-for-own-failures\/"},"modified":"2021-06-08T01:38:31","modified_gmt":"2021-06-07T22:38:31","slug":"nasdaq-stock-exchange-behind-diversity-push-blasted-for-own-failures","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nasdaq-stock-exchange-behind-diversity-push-blasted-for-own-failures\/","title":{"rendered":"#Nasdaq, stock exchange behind diversity push, blasted for own failures"},"content":{"rendered":"

“#Nasdaq, stock exchange behind diversity push, blasted for own failures<\/strong>”<\/p>\n

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Nasdaq has been beating the drum for diversity across corporate America, but the makeup of its executive ranks looks woefully out of step with that high-profile push.<\/p>\n

Late last year, the tech-heavy stock exchange startled Wall Street by saying it would de-list companies that didn\u2019t achieve board diversity requirements. That means naming at least two directors who are either female, a minority, or LGBTQ+. <\/p>\n

It has since softened its stance, saying it is merely encouraging and not enforcing the guidelines. Now, some insiders want to know, if that\u2019s because Nasdaq is struggling too.<\/p>\n

Of Nasdaq\u2019s roughly 40 executives and senior leaders, only senior vice president of marketing Branden Jones is African-American, based on the company leadership section of the website. And now, the longtime executive is departing to run marketing at BlackRock\u2019s risk management division Aladdin, The Post has learned.<\/p>\n

Nasdaq didn\u2019t immedia<\/a>tely return a request for comment but the move is leading some to ask if Nasdaq Chief Executive Adena Friedman\u2019s pledge to \u201cchampion inclusive growth and prosperity to power stronger economies\u201d is just the latest example \u2014 albeit a particularly flagrant one \u2014 of corporate wokeism that\u2019s all talk and no action. <\/p>\n

\"In
Nasdaq, the stock exchange behind a controversial diversity push, is in need of diversity itself, critics say.<\/figcaption>
AP<\/span><\/figcaption><\/figure>\n

\u201cThere\u2019s an element of hypocrisy as Nasdaq is criticizing other others and holding them accountable,\u201d says Stephanie Creary, an assistant professor Wharton Business School who lectures on identity and diversity issues. \u201cWho is holding Nasdaq accountable?\u201d <\/p>\n

While honchos at many Fortune 500 companies, Nasdaq included, have highlighted the need for diverse boards, they\u2019ve often failed to diversify their executive ranks, Creary notes. That\u2019s partly because it\u2019s a lot easier to app<\/a>oint two directors to a board than to develop diverse talent from the ground up. <\/p>\n

The fact that Nasdaq is losing an African-American executive isn\u2019t necessarily a damning datapoint when it comes to gauging the company\u2019s commitment, says Sandra Sucher, a Harvard Business School professor who is author of the\u00a0upcoming book \u201cThe Power of Trust: How Companies Build It, Lose It, Regain It.\u201d<\/a><\/p>\n

Nevertheless, \u201cone out of 40 is still the wrong number,\u201d Sucher says. \u201cWhatever they\u2019re doing, it doesn\u2019t look like they\u2019re doing enough to live up to their comments.\u201d <\/p>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Nasdaq, stock exchange behind diversity push, blasted for own failures” Nasdaq has been beating the drum for diversity across corporate America, but the makeup of its executive ranks looks woefully out of step with that high-profile push. Late last year, the tech-heavy stock exchange startled Wall Street by saying it would de-list companies that didn\u2019t…<\/p>\n","protected":false},"author":1,"featured_media":269018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/06\/ndaq-2.jpg?quality=90&strip=all&w=768","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[108557,60673,72332,106544],"class_list":["post-269017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-7-21","tag-diversity","tag-nasdaq","tag-on-the-money"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/269017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=269017"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/269017\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/269018"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=269017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=269017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=269017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}