New California Law Requires Women On Corporate Boards

By October 5, 2018Articles

A few days ago, Governor Jerry Brown signed into law Senate Bill 826. SB826 mandates that all publicly traded California companies have at a minimum one woman sitting on their boards by no later than the end of 2019. Then, in 2021 the obligation increases. Boards with five directors will be required to have two female members and boards with six or more seats will be required to have at least three female directors. However, the governor acknowledged the questionable constitutionality of this new law, stating “I don’t minimize the potential flaw that indeed may prove fatal to its ultimate implementation.”

Stay tuned.

Leave a Reply