Mandates

New California Law Mandates Diversity on Boards of Directors

California Gov. Jerry Brown signed a bill Sunday that will require publicly traded companies with headquarters in the state to have women serving on their boards of directors. “Given all the special privileges that corporations have enjoyed for so long, it’s high time corporate boards include the people who constitute more than half the ‘persons’ …

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California Mandates Female Representation on Public Company Boards

By Richard Vernon Smith California has enacted a new law mandating that companies incorporated in California as well as foreign corporations (such as Delaware corporations) headquartered in California, and which are listed on major U.S. stock exchanges, have at the close of calendar 2019: At least 1 female director At the close of calendar 2021: …

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