California becomes first state to require women on corporate boards

The Independent (UK) via Yahoo ^ | October 1st, 2018 | Maya Oppenheim

[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.

[mewzilla]

Now every qualified woman sitting on a board, or who will sit on a board will get an asterisk next to her name: *(diversity hire)

And to any female who has busted her hump to earn what she's got, that is infuriating.

[taxcontrol]

The right to assemble is NOT limited to political gatherings.

“...or the right of the people peaceably to assemble....”

There are NOT restrictions (such as political gatherings) on the right. Assembly includes church gathering, unions, political rallies, business, family gathering, etc.

[morphing libertarian]

I’m waiting for more 71 year old fat white guys in the NBA

[RinaseaofDs]

I’ve got a daughter. Her work ethic is this side of cybernetic. She’s going to arrive, and they’ll give her a ‘diversity hire’ button and a clown nose.

Evil or stupid. I can’t figure out which one.