Posted on 10/01/2018 7:38:01 PM PDT by Mariner
California has become the first state in the US to require publicly traded companies to include women on their board of directors.
Governor Jerry Brown signed the new measure – which necessitates at least one female director on the board of each California-based public operation by the end of 2019 – into law on Sunday.
Firms will need up to three female directors by the end of 2021, depending on the size of their boards.
Hundreds of companies will be affected by the law and those who violate it can be fined $100,000 (£76,600) for a first violation and $300,000 (£229,900) for a second.
A fourth of publicly held corporations with headquarters in California do not have any women on their boards of directors.
Democrat State Senator Hannah-Beth Jackson – who authored the bill – said getting more women on boards will make firms more successful.
(Excerpt) Read more at yahoo.com ...
Good luck with that California.
Yep, that is once a federal court rules that it is unconstitutional. But until then it has the force of law so bring on the (unqualified?) females.
Will be interesting to see how well that works.
It’s the same argument that women are paid less than men for the same work. If that were true, why would a company hire ANY men?
Sounds like Amazon should lead the way with an all female board and all-female work force. Hire nothing but Amazons, their namesake. In Greek mythology, the Amazons were a tribe of women warriors related to Scythians and Sarmatians. They were brutal and aggressive, and their main concern in life was war. Just the workforce and board members you want.
This is straight up communist totalitarianism dictating what the makeup of private company boards have to be.
Next they’ll be dictating what color clothing they must or must not wear according to the Kalifornia politburo.
Next up:
one Black, one Hispanic, one homosexual, one transgender, one Asia, one handicapped....
remember when imposing quotas was supposedly illegal
How is this even remotely Constitutional?
Incorporate in another State.
Open a small “Headquarters” there.
Begin planning the rest of your company’s move, while there are still greater fools to buy your old properties.
California’s reaching into the shorts of corporate officers is not the end of their assault on freedom and private ownership. It is only foreplay.
Communism
Unconstitutional as it violates the 1st Amendment freedom to assemble clause.
Stupid idea.
No big companies will incorporate in California, that’s the only result of this law. Way to go, commies.
That’s not why it’s unconstitutional, but it’s unconstitutional. Violates 14th amendment equal protection among other things, but not right to assembly, which is about political gatherings.
This is a violation of the civil rights act. California is insane
What about black nationalists, homosexuals, islamists, transgendered?... Why are they not included?
* humans that identify as women.
Oh stupid me! And for all my life I was thinking it was about studying, hard working & sacrifice to the job, loyalty, itegrity and those other buzzwords would get me promoted eventually.
Laz, see if you can help this Freeper find the right thread.
Maybe businessmen don't want to be successful... or maybe they're simply not as smart at Jackson... or maybe they're sexist...
Regards,
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