consistent with our work with the securities and exchange commission on this legislation, it is our expectation, the commission will not prohibit trading in the securities of companies in this act as long as not more than one-third of the company's total audit is performed by a firm beyond the reach of the pcaob inspection. the legislation provides the commission with the authority to termine how the size of an audit would be measured and whether you would look at total revenue, assets. furthermore, the scope of this legislation is not intended to be limited to companies which rely on foreign audit firms that has ownership relationship with the pcaob publicly registered accounting firm. it is intended to encompass public companies which rely on foreign audit firms that are affiliated with or maintain affiliation agreement with a pcaob publicly registered accounting firm. one particular comment to draw your attention to and that it is not the intention of this bill to cover firms that have some small part of their audit being done in china, perhaps one zear in china but is designed to apply when

at 2:00, the houses back for legislative work on a bill requiring the securities and exchange commissionprohibit and delist any foreign company whose public accounting firm does not adhere to u.s. auditing standards. on c-span two, the senate is back at 10:00 eastern to consider judicial and executive nominations. on c-span3 at 9:15 am, a senate armed services of debt subcommittee hears about military readiness. that's followed in the afternoon by a senate homeland security committee hearing on the government response to cyber threats during the coronavirus pandemic. with a peaceful presidential transition of power in question following the 2020 election, sunday night on q&a, susan shelton and eric rauch way talk about two of the most contentious presidential transitions in u.s. history. in 1861 between james buchanan and abraham lincoln. in 1933 between herbert hoover and franklin roosevelt. >> several southern states did not recognize the election of abraham lincoln as legitimate. they considered him a sectional president for the fact that by and large, his support came from non-slave

just made monkeys of the securities and exchange commission people in the big going community need to keep this in mind the f.c.c. is nothing. that a well placed phone call can fix if you know what i mean and this is exactly what we've seen with tesla and he's also selling stock at these high prices yeah he's just selling stock out there and his balance sheets zooming higher and higher based on this stock a mania and demand understands where we are in the current cycle of money there is literally hundreds of chileans of dollars you can pick if if you're not you know a millionaire really ask yourself what the problem is at this point well i mean you have a combination of things right so covert lockdowns started right about here before it started to soar so what happened then you can't go to the movies you can't go see the feature films you can't see a big story you can't you can't dream you can't have the american dream you can't fantasize right this is a fantasy and people are involved in and they get to see that's one thing we get to see and i have to say you know space x. like i thi

the house is back for legislative work on a bill requiring the securities and exchange commission to prohibit and delist any foreign company whose public contracting firm does not adhere to the rules. and then they're back at 10:00 a.m. to consider executive nominations and then on c-span 3 at 9:15 a.m., the senate scube hears from navy and marine corps about readiness followed in the afternoon by a senate subcommittee hearing on the government's response to cyberthreats in the coronavirus pandemic. >> book tv on c chance -- c-span 2 has book authors coming up saturday at 8:15 eastern the coverage of the 71st annual national book awards sunday live at noon eastern on "in depth" a conversation with author and chair of african-american studies at princeton, university. he is the author of several books including "begin again" and urgent lessons for our own, "uncommon faith." >> here we are after electing the first black president we responded by voter i.d. laws, the tea party and then we elected donald trump. we're at a cross roosedz. -- roads. who are we going to be? at the heart of it

at 2:00 p.m., the house is back for legislative work on a bill requiring the securities and exchange commission to prohibit and delist any foreign company whose public accounting firm does not adhere to u.s. auditing standards. on c-span two, the senate is back at 10:00 a.m. eastern to consider judicial and executive nominations. 9:15 am, a senate armed services subcommittee hears from the navy and marine corps leaders about military readiness. that is followed by a homeland security subcommittee hearing on the government's response to cyber threats during the coronavirus pandemic. treasury secretary steven mnuchin and federal reserve chaired room powell encouraged

t house is back theegislative work on a bill requiringhe securities and exchange commission to phibit and diesel this to any foreign company whose public accounting firm does not adhere to u.s. auditing standards. c-span2 the senate is back at canadian eastern to consider jucial and executive nominations, and on c-span3 at 9:15 a in a senate armed services subcommittee hears some na and marine corps leaders about mility readiness. that is followed in the afternoon by a senate homand security subcommittee hearing on the government's response to cyber threats durg the pandemic. >> tuesday on capitol hill lawmakers held a news conference to unveil a bipartisan covid-19 emergency relief bill. the measure would provide $908 billion in aid and include a liability provision to temporarily protect businesses from coronavirus lawsuits. this is 40 minutes. >> phones off? you want to put your phones on silent. phones on silent? does anybody have the phones on silent? are you already asked let me welcome all of you. thank you for being here this morning. is is been a group that's been a labor of

exchange looks to impose its own identity politi politics. thousands of companies, what it means for economic growth and job creation. next. nasdaq this week asking the securities and exchange commissionmission to impose a quota system on the boards of its 3300 companies. the new rule would mandate corporate boards have at least one woman as a director and one director who self identified as an underrepresented minority or lgbtq. the company said do not disclose diversity information, potentially while those report data but don't be the standards will have to publicly explain why. let's bring in "wall street journal" columnist, barry o'grady. mary, welcome. for the viewers who have been following this, what is nasdaq requiring? >> as you said, they require a corporate board of the corporate that list on the nasdaq, you have to have at least one woman and one person from another group, that group would be a minority or lgbtq person. they could get away with two women in this case. paul: okay. why now? why they doing this? is it political or is there business justification for it? >> first of all, i think they are virtue signaling. it's someone else's cost. by telling these companies ho

t house is back theegislative work on a bill requiringhe securities and exchange commission to phibitand diesel this to any foreign company whose public accounting firm does not adhere to u.s. auditing standards. c-span2 the senate is back at canadian eastern to consider jucial and executive nominations, and on c-span3 at 9:15 a in a senate armed services subcommittee hears some na and marine corps leaders about mility readiness. that is followed in the afternoon by a senate homand security subcommittee hearing on the government's response to cyber threa

the plan approved by the security and exchanges commission especially benefits start ups and aspiring companies by letting them raise fund from investors. the process bypasses the traditional initial public offerings route and reduces them depending on investment banks. >>> the pandemic has spurred a surge in online shopping retailers are trying to answer that demand in the final days before christmas. though many businesses set for strict deadlines for delivery companies like amazon, insta cart and target are offering same day options even on christmas eve. there are cut off times for each individual company. >> all right. there's always the old gift certificate route. >> that's a good way to go. >> thank you. >> i like those. >>> to the biden transition the president elect's team and a battle with twitter this morning. the social media giant isn't rolling over millions of white house twitter followers once the biden administration takes over. biden's team not happy about that. when president trump took office in 2017 he inherited millions of followers on twitter from the obama admin

the stock market would have to get permission from the securities and exchange commission first. >>> king of stocks they set new records and the s&p 500 hit new highs. futures call for money to come off the table. in san francisco salesforce is buying the business communication company slack for nearly $28 billion. some trivia for you though it's not so trivial for the guy who just made billions, butterfield, the creator of slack, is the co-creator of the photo website flickr. he lived in a log cabin in canada without electricity as a young boy or running water. there are all kinds of things going on in washington right now including a bribery investigation, even death threats. i'll get to those as we talk politics. startling news out of the white house this morning. the president says he'll veto the national defense authorization act unless the rules are changed around twitter and facebook. the rule known as section 230. the president says he'll veto the defense bill unless congress also removes the legal protection for websites that give them immunity for what people post. he posted

final approval of this rule is up to the security and exchange commission. >>> even with this morning'sitive vaccine news out of europe, tooks open up in the red. diane king hall joining us live with the update from new york. good morning. >>> good morning. you have some cross currents with that. you are right. stocks are under pressure with trading underway for a little more than ten minutes. it looks like investors taking chips off the table. have you the dow down by about 150 points. checking the tech sector. down 116 for the nasdaq, s&p500 also under pressure. as you mention about the vaccine process you are seeing stocks. pfizer getting approval for emergency use in britain. that stock seeing gains this morning outside of the broader market. after months of gridlock there's a renewed effort to pass a new stimulus package before the end of the year. a bipartisan group of lawmakers revealed a new plan but senate majority leader rejected the proposal for a more slimmed down version. democrats passed a larger package months ago that hasn't gone anywhere in the senate. it seem like the

the stock market would have to get permission from the securities and exchange commission first. speaking of stocks, new records as the s&p 500 hit all-time highs. futures call for money to come off the table this morning. salesforce is buying the business communications company slack for nearly $28 billion. some trivia for you though i guess not so trivial for a guy who made billions, stewart butterfield, the creator of slack, is also the co-creator of the photo website flickr. as a young boy he lived in a log cabin in canada without electricity or running water. there are all kinds of things coming out of washington including a bribery investigation and even death threats. we'll talk more about that as we talk politics in half an hour. startling news out of white house this morning, the president says he'll photo the national defense authorization act unless the rules are changed for twitter and facebook and youtube. the rule is known as section 230. the president says he'll veto the defense bill unless congress removes the legal protections from the websites that give them imm

institutions that last december, december 2019, filed whistleblower complaints with the securities and exchange commissionthere are some suspicious activities, maybe some income tax evasion that was going on in companies around hunter biden. and then, third, the laptop by that delaware store opener getting turned over to the -- store owner getting turned over to the fbi. those three sources of evidence have merged into this tax case, and i think they're at the end stages of that investigation. david: the crux of the matter, as you say, is when this relationship between hunt or biden and the chinese -- burisma, we'll talk about that later on in the show -- but it began when joe biden was vice president of the united states. i know a lot of these e-mails are 2017 after trump was elected, but the relationship actually started when hunter biden flew on air force two with the vice president, joe biden, he stepped off the plane. the chinese saw that clearly he was the favored son, literally, of the vice president and began making deals with him. this was putting the family reputation of the bidens in jeopardy.

the securities and exchange commission. the consumer product safety commission, consumer finance protection board and on and on. there are scores andscores of them . so who do they represent? they don't represent citizens at all. these are agencies headed by sometimes one person, sometimes five persons. a majority of them may represent the presidents policies if, they would be appointed by the current president whoever that is at any given moment. but that's very indirect. you write your congressman when you have a grievance, all you get back is i'm sorry, that was the epa. nothing i could do about it, i voted for clean air bythe way . then they authorized agencies not only to issue regulations that have the force of law, legislative actors but to force them and then to judge whether the citizen violated them judicially. james madison said the combination of those functions in one hand is the very essence of tyranny. so you go before one of those agencies accused of violating one of their regulations. if you have a lot of ti

the securities and exchange commission alleges the third largest cryptocurrency behind bitcoin is notment or token currency type of thing but rather, a security that hasn't followed s.e.c. regulations properly. xrp did get slammed in the wake of this suit. right now it's down about 34%. compared to yesterday, i mean, it's struggling certainly. meanwhile, bitcoin is up about 20% this month and 370% plus since its 2020 low of under $5,000 back in march. look at it now, $23,509. new adopters jumping on every day. billionaire mark cuban tweeting just a couple of hours ago that he would offer 25% off dallas mavericks gear, because he's the owner of the dallas mavs, if you buy with bitcoin. but perhaps the biggest rush involves the new app lolli. the site offers shopping rewards not in dollars, but in bitcoin. adidas, microsoft, sephora and ebay are among lolli's 1,000 plus merchant partners. alex adelman joins us now in a fox business exclusive. alex, what kind of jump in subscriber numbers have you seen? >> it's been wild. we have had a very dramatic growth over this holiday season. one,

at 2:00 p.m., the house is back for legislative work on a bill requiring the securities and exchange commission to prohibit and delist any foreign company whose public accounting firm does not adhere to u.s. auditing standards. on c-span two, the senate is back at 10:00 a.m. eastern to consider judicial and executive nominations. 9:15 am, a senate armed services subcommittee hears from the navy and marine corps leaders about military readiness. that is followed by a homeland security subcommittee hearing on the government's response to cyber threats during the coronavirus pandemic. treasury secretary steven mnuchin and federal reserve chaired room powell encouraged congress to take action on additional coronavirus relief while testifying before the senate committee. secretary mnuchin also faced questions about his recent decision to end several federal reserve emergency loan programs. this hearing is almost 2.5 hours. >> 3, 2, 1. this hearing will now come to order. is in a hybrid format and the hearing room has been configured to maintain the recommended six foot social distancing between sena

board for stocks today the way you invest in ipos may be about to change after the securities and exchange commission approved a new type of direct listing at the new york stock exchange. our leslie picker following the money for us i'm wondering what this all means. people you have been talking to are still trying to figure it out, it sounds like. >> i think what this all means is still a big question mark at this stage of the game as you mentioned yesterday, the s.e.c. green lit this idea of -- i think this is the term are now using, a primary direct listing. what this means essentially is that a direct listing can also have a component alongside of it where companies are allowed to issue primary stock or stock that they can then use to raise cash to reinvest in their business something that was previously a big deterrent for companies that were pursuing the direct listing method they were unable to actually have a fund raise that coincided with their actual mechanism of going public now that big hurdle has been lifted, according to the s.e.c., which from the s.e.c.'s standpoint, from the nyse's st

the first context is that municipal issuers are not regulated by the security and exchange commission in accessing the capital markets. we are subject to the commissions of the federal securities law. the 33 act and the 34 exchange act. when we access the capital markets we do so through a perspective. we prepare a statement and those of you on the board you've probably seen the perspective. it's a statement of the financial affairs as of the date of ts its publication. when we publish that document. that cannot contain any material miss statements or omissions. what that means is that the term material is the driver. material means basically critical facts, information that would change a person's decision about whether to invest in the sfmta's bonds. what we will do is we will prepare a perspective, in fact we've initiated the preparation of that document now to give a fair snap shot of the mta financial position and that document will ultimately come to you along with other financing documents for your approval. what the securities and exchange commission has done through its prono

the federal trade commission, the securities and exchange commission. the consumer products safety and the protection board sprayed and on and on and on. the scores and scores of them. so who they represent. and they don't an citizens at a. they're headed by sometimes one person or five persons. and presidents policies of the requirements. while it would be credited to them but we don't know who that is aditi and any given moment. this very indirect. and we could sorry that was epa there's nothing that i can do about it and i voted for cleaner by the way. who's at fault then. in the authorized agencies then not only to issue regulations that have the force of law. but to enforce them, the executives and then to judge whether the citizens violated the . and james madison said the combination of those functions in one hand is a very essence of tyranny. so you go before one of those agencies accused of violating one of those regulations. if you don't have a lot of time and a lot of money, no chance of getting to to review what their decision was. an essay,

the securities and exchange commission says top executives misled investors in the world's third againstncy. they allegedly sold more than $1 billion of tokens without registering with the agency. is said tocofounder have created an information vacuum that allowed them to sell p with only the information they chose to share. how hong kong, sports are tested over the national security law, and china's growing influence. this is bloomberg. ♪ ♪ ♪ haidi: south korea's -- haslinda: south korea's sovereign wealth fund wants to increase investments in alternative energies in the future. the ceo spoke to bloomberg exclusively about how they plan to achieve this. next year, we expect the economy is going to rebound. going toes are still be overweight in terms of our portfolio. : how is the vaccine rollout affecting your strategy? in order to better achieve introduced a small strategy with a lot of , but given market uncertainty we use a smaller boardgame rather than a huge game. . -- increase our 60%ess, which is now around -- 16%. i think we can bring this to 20% within three years. >> where do

today we will receive testimony from the security and exchange commission chairman jay clayton, regarding the work and agenda of the sec. i thank you chair clayton for your appearance before the committee today, which is essential to our oversight of the sec. and welcome. you last appeared before this committee in december of last year. the covid-19 pandemic hit the united states shortly after that hearing, and the sec has taken many important steps to help limit the economic shot to our markets of governments have attempted to confront this unprecedented event. the sec used tools such as the market wide circuit breakers for the first time since the adoption. when markets dropped 7% from the loss -- s&p 500 index. there were a number of uses of limit bound circuit breaks, when overnight stock futures hit their 5% limit, which resulted in halting further downward trades. despite the high levels of volatility, or volatility, it is my understanding that the current mechanisms in place serve their intended purposes of increasing market stability. additionally, in order to comply with cdc guid

the nasdaq has to get permission from the securities and exchange commission. >>> kari has a look atl have a nice day and we want to make plans to get out around 2:00 to 3:00 where we do have the warmest temperatures reaching into the mid-60s. we'll see more weather like this extending into early next week. laura? >>> all right, sounds good. we'll be back with another local news update in half an hour. enjoy your wednesday morning. today's ways of working may work differently tomorrow. but you can work out anything with comcast business. get fast, reliable, and secure internet on the nation's largest gig speed network. flexible tools - like wi-fi you control. voice solutions that connect you from anywhere. and expert advice here, here, or even here. be fast. be flexible. bounce forward with comcast business. get started with a powerful internet and voice solution for just $64.90 a month. plus, for a limited time, ask how to get a $500 prepaid card when you upgrade. switch today. to sing for us after this. >>> it's 8:00 on "today. coming up, breaking overnight, paving the way the unit

word comes the securities and exchange commission needs disclosure for publicly traded companies and the biden administration needs to stop or reverse agency rules that prevent financial firms from considering climate change in their business decisions. agencies do these not need new statutory powers to take these steps and in fact, must under current statute. they can proceed immediately. at this moment, regulators have the authority and responsibility to manage risks to the financial system and that includes climate risks, because in the financial risk., risk is when it comes to climate, the cost of inaction is higher than the cost of action. we can't afford to wait longer. if we want to have a strong economy in 10 or 30 years, financial regulators need to start implementing change like these now. i want to thank you for your leadership and partnership in this space and let's get to work. thanks. >> thank you, senator. thank you for your remarks come of leadership in this area, and work to reduce effects of climate change. add the role in clean energy's initiative has made the stat

the second point, the securities and exchange commission has cleared him from trading on any insiderid perdue is a longtime businessman. he's briefed in congress on a million things, that doesn't mean he's getting inside information. and, you know, i read this thing, it was breathless on every trade he did and, you know, he might have been -- someone, you know, he traded j or p morgan ion -- jpmorgan even though he might have been briefed about financial regulation. [laughter] i mean, it makes it, basically 90% of what congress gets on these companies you can probably get on the internet. i mean, it's why kelly loeffler hasn't been charged with her trades, the other georgia senator republican in the runoff. you know, information that these, most congressional people, congressmen, congresswomen get is fungible. it's out there. people knew about covid well before the lockdowns in march. so i would just say one other reason why you know this is pushing it a little bit, the case against burr, the congressman, the senator, richard burr, the senator from north carolina. that's the one that

announcing to move headquarters to austin, texas, new filing with the securities and exchange commissionws tesla and hewlett-packard. tesla ceo elon musk blaming california lawmakers for driving the corporate exodus. let's take a look at or call. stock is up 3 quarters of a percent, maria. those are your headlines. back to you. maria: thank you so much. challenging election results as we wait elect real college decision, intel source tells me that president trump did win election and says it's up to the supreme court to hear suits from other cases across the country to stop the clock. this follows the high court's refusal to hear lawsuit from texas attorney general ken paxton challenging results in four swing states. joining me right now harvard law professor, ore of the population trumped up criminalization of politics endangers democracy, book alan dershowitz is here. thank you very much for joining us. we have been talking about key dates, december 14th when the electoral college will certify results. is it the end of the line for the trump campaign's legal challenge, alan? >> well, i

is 20% and big jump in adoptions. 45% year over year. 185 million-dollar penalty to securities and exchange commissionab rated 300 and retail sales of april 2019 till january of this year. not admitted nor denied the charges earlier this month the u.s. hours passed a law to kick chinese companies off u.s. exchange that they do not fully comply. roku reached a deal with at&t to carry hbo max, things got real heated when warner media announced it was releasing wonder woman to hbo max and theater at the same time. those are some of your headlines, back to you. maria: all right, cheryl, thank you so much. well, the first powerful snowstorm of the season is slamming the northeastight rowow dean withheh thh verery les lt e atdevelopment. t. jani ce gcedceningoro t y sgly, u je.an hel>>,lo mia,ar b,ig nor'easrr ofofofsonean i sti still bringgg heynonownowww verytron songgindd upste ate atrkatit t tack jkk cse t 3 ftee ineen w yoro s c cin somlyomfe areas operford ame adrod e nethrkw rky cit a depdsds on where w youre y y,, som, soms rert6-inches and a other osth aroundentrenen 4-inc 4hesncncncd ngng iand,an

they are going to petition the sec, has to be approved by the securities and exchange commission, andens. but i'm curious as to how you feel about this. stuart: well, i find it very interesting that an exchange would insist on the composition of a private company 's board of directors as a prereck but sis for listing on that exchange. >> i think they think they can promote more diversity especially with large companies. stuart: i hear you. thank you, susan. take a look at this quote, and i'll read it for you. we are off in a place never seen before in the history of mankind. that was written by the gentleman on the right-hand side of your screen. his name is mark grant. all right -- >> hi, stuart. stuart: good morning, sir. a place never seen before in the history of mankind. i've read this piece. i know what you're saying. you're saying that central banks are just printing money so that governments can spend it. that's your point, isn't it? off in a land never seen before. >> well, stuart, for thousands of years when you borrowed money, you paid to borrow money. now with what the cen

the senate to pass the most far-reaching corporate accountability reform since the securities and exchange commissionwas created 70 years before. that sarbanes-oxley reform law passed in 2002 was designed to prevent the kind of corporate abuses that had so damaged the american economy and shaken the faith of the american people in the economic markets. in 2002 things came full circle for me. there was created an award in the name of senator paul douglas of illinois, a man whom i first met as a college intern who inspired me to get started in this business. paul sarbanes won in 2002 became the first recipient of the senator paul douglas ethics in government award. that's presented by the university of illinois to honor men and women in public service who exhibit the finest qualities of leadership. it was a perfect match and for me it came full circle. what a coincidence it is that the people that have been my heroes in public life so far, so many are named paul. paul douglas who had started me as an intern, who introduced me to paul simon, who preceded me in the united states senate where i served wit

real estate titan rick caruso will join us to talk >> and a ripple between bitcoin and the security exchange commission could change everything you don't want to miss it. "power lunch" starts right now >> yes, it does. welcome to "power lunch. the dow is down not quite 100in points the nasdaq hitting a record high check out shares of peloton at an all-time high, up 10% as it requires a equipment maker to speed up equipment of its bike but it's really apple that's in the driver's seat, the tech giant up more than 3% and up more than 80% this year and the best performing dow component in 2020 we've got more on this big story. apple, oracle and first josh lipton on apple's road ahead and phil lebeau on the electric vehicle state. >> is tim cook ready to take the wheel of the auto market new reports suggest that cook and company could introduce a self-driving car in 2024 with its own breakthrough battery technology that would lower cost and increase the vehicle's range. it's easy to understand why cook could be interested in developing a car the auto industry represents a $2 trillion market apple boasts a

approachregulatory with the central bank and the security exchange commission. digital. lly issue the investors. we issued them traditionally. that is what is interesting going forward. and was democratized allowed foreign workers to participate in this sort of bond. but right now we don't have any plans to do nuance in the future. haidi: that is really interesting. very quickly, we've seen a lot of disruption this year. what are some of the trends that have arisen in this pandemic that you think will be permanent changes? think the biggest trend will be competition. the regulators are giving out digital bank license. seeing fintech's separately from applying for digital bank license. there looking forward to high probability of open banking regulations. competition ir think is going to stimulate the growth of the market even at the same time that it creates tension between the different participants, simply because we have a huge population and as gdp growth comes forward in the future, we feel that this will be a great opportunity space. i think the other big change is

the ftc, securities exchange commission, cpsc, cf tv and on and on. sometimes had by one person sometimes five and the majority of them may represent those policies whoever that is at any given moment that is very indirect and then they say sorry that's the epa there's nothing i can do about i voted for clean air by the way. then they authorized the agencies not only to issue the force of law and to joe just the citizen violated them. madison said the combination in his a various essence of tyranny. and to violate one of the regulations if we don't have a lot of time and a lot of money and to review the decision if you find $150,000 and he spent a couple years going to court to have the courts review that decision and worse than that and then to be told by the supreme court judges reviewed the decision just make sure is not completely unreasonable. if the statute means if i can only ask itself if it is a reasonable interpretation of the statute that's crazy to say that so i guess we have to acquiesce. and then the final word on what the law means cont

and we'll make your first month's payment. experience amazing at your lexus dealer. ♪. gerry: the nasdaq has filed a proposal with the securities & exchange commissiondatory diversity on the boards of nearly 3,000 companies listed on its u.s. stock exchange. in a statement the president of the nasdaq said, corporate diversity at all levels opens up a clear path to innovation and growth. well joining me now is young americans for liberty analyst kristin tate. kristin, so as i understand it this seems to be one of our most important stock exchanges proposing a progressive agenda if they want to list there? >> that is exactly right, gerry. this proposal by nasdaq is wokeness beyond parity and threatens economic growth. there are so many problems with this proposal, first and for most nasdaq has no business micromanaging firms, telling them who they need to get on their board or involved in other corporate governance matters. it is literally none of their business. nasdaq is a marketplace to raise capital and expand the benefits of corporate ownership but secondly diversity in business is a wonderful thing. it allows boards to expand their horizons but