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California first U.S. state to mandate women on boards

Joe Mont | October 2, 2018

California’s state legislature recently passed SB-826, a bill mandating that companies headquartered in the state include female directors on their boards. 

Signed on Sept. 30 by Governor Jerry Brown, it will require that, by the end of 2019, each publicly traded company based in California must include one woman on their board of directors; the quota increases by the end of 2021 based on company size. 

The big question that faces the legislation: Can it survive already brewing legal challenges?

In 2013, a state senate resolution urged that by 2017, each public company in California increase the number of women on their board to one, two, or three, depending on the size of the board. California was the first state in the U.S. to adopt this type of resolution.

Nevertheless, as of the December 2016 cutoff date, fewer than 20 percent of the Russell 3000...

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