Cali seeks to fine companies without female Board members

Submitted by Mastodon on Tue, 2018-09-11 09:00

Article here. Google the first paragraph text to jump the paywall. Excerpt:

'To fix the stubbornly low numbers of women serving on corporate boards, investors have tried to pressure companies to add more female directors. Lawmakers have pushed to make boards report their diversity statistics and have passed resolutions urging companies to add more female directors voluntarily. Start-ups have curated lists of qualified, director-approved female candidates.

But now California has a new tactic: Force boards to hire women — and levy monetary fines if they don't.

The state legislature recently passed a bill that would require every publicly traded company with its principal offices in California to have at least one woman on its board by the end of 2019. The bill, which is opposed by many business groups and could face legal challenges, is waiting for Gov. Jerry Brown's signature.'

Like0 Dislike0

Comments

Let's make sure that half of all garbage collectors are female, and half of all construction workers are female, and half of all loggers are female, and half of all fishermen are female.

When women comprise 50% of all workplace deaths, then they can join the boards of major companies.

Like0 Dislike0
Submitted by el cid on Thu, 2018-09-13 23:17