California has a new law: No more all-male boards
Article here. Excerpt:
'Companies headquartered in California can no longer have all-male boards.
That's according to a new law, enacted Sunday, which requires publicly traded firms in the state to place at least one woman on their board of directors by the end of 2019 — or face a penalty.
It also requires companies with five directors to add two women by the end of 2021, and companies with six or more directors to add at least three more women by the end of the same year.
...
But setting quotas can be controversial, Vicki W. Kramer, lead author of the landmark 2006 study, "Critical Mass on Corporate Boards," told CNN last month. Opponents argue that pressure from quotas will lead to unqualified female members and potential discrimination against male candidates.'
- Log in to post comments
Comments
Cali also passed a law requiring...
... women make up half of all smoke-jumping fire-fighting crews as well as make up half of all sanitation crew workers, sewer workers, and ordnance disposal teams attached to police squads.