California Moves to Mandate Female Board Directors

Dec 2013
32,715
19,078
Beware of watermelons
#1
California legislators on Wednesday passed a bill that requires major companies based in the state to put female directors on their boards.

If the bill is signed into law by Gov. Jerry Brown, a Democrat, publicly traded companies based in the state will need to have at least one woman on their boards by the end of next year and, on boards of five or more directors, two or three women by the end of 2021, depending on the board’s size. Those that don’t would face financial penalties.

California Moves to Mandate Female Board Directors
 
May 2018
2,835
1,988
USA
#2
I'm generally opposed to mandating quotas like this. Perhaps the blatant gender discrimination espoused by the country club set requires this interference. But one thing is for certain: if Jerry Brown is pushing it then it's probably a pretty good idea. After all he put California back in the black after over a decade of Republican fiscal ineptitude.
 
Likes: Lyzza

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