California has a new law: No more all-male boards

Submitted by Matt on Sun, 2019-04-14 19:59

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.
It's the first such law on the books in the United States, though similar measures are common in European countries.'

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Comments

But all female boards are A-Okay! Notice that "at least" two women must be added when there are five directors, and "at least" three women must be added when there are six directors. There is absolutely no concern expressed regarding men being equally represented as well.

Perhaps they did not address this, thinking that inevitably men will dominate business, and not be under-represented. However, I would argue that on the principal of fairness and good will, the bill should have addressed that angle.

Really, the government has little business telling business how to run itself. But if it does, it has to at least apply the same standard to everyone.

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Submitted by xtrnl on Sun, 2019-04-14 22:19