CA Could Require at Least One Woman on Boards of Public Companies

FRESNO, Calif. (KMJ) — California could soon require that publicly held companies headquartered in the state have at least one woman on their board of directors.

Senate Bill 826 would also mandate by the end of 2019 that boards with five people have at least two women, and that boards with six people have at least three women.

According to CalMatters, about a quarter of California’s 445 publicly traded companies don’t have any women in their boardrooms.

However, some in the business community argue that quotas, and the fines for failing to meet them, will have a negative effect.

 


Aaron Abeytia

Aaron Abeytia anchors afternoon newscasts on News/Talk 580 & 105.9 KMJ. Read More…

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