New California Law Forces Publicly Traded Companies to Have Women on Board of Directors
National News
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California has become the first state in the country to force companies to include women on their boards of directors.
The Washington Times reports over the weekend Democratic Gov. Jerry Brown approved legislation that requires publicly traded California-based corporations to include at least one woman on their board by 2020.
By 2021, that number goes up to at least two for companies with five board members and three for companies with six directors.
The California Chamber of Commerce has argued that the make-up of corporate boards should not be mandated by government.
The chamber says the new law will prioritize gender over other aspects of diversity.
Governor Jerry Brown admits the law has flaws that could prevent it from being implemented.
Corrie O'Connor
