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California Governor Jerry Brown signed a bill into law today that requires major companies with headquarters in California — including many household-name tech firms — to have at least one woman on their boards by next year, and depending on the size of the board, up to three women by 2021.
The law is the first of its kind in the U.S., and proponents say it's needed to equalize the representation of women in corporate boardroom. Currently, a quarter of California's publicly traded companies do not have a woman on their boards. Companies that fail to comply with the new rule face fines of $100,000 for a first violation and $300,000 for a second or subsequent violation.
The law already faces opposition from business groups, which could challenge the basis of preferential hiring toward women. In signing the bill, Gov. Brown acknowledged the bill's "potential flaws" that could prove "fatal" to implementation, but nevertheless supported its passing, citing "recent events in Washington, D.C. — and beyond — make it crystal clear that many are not getting the message" around gender equality.
(Score: 0) by Anonymous Coward on Wednesday October 03 2018, @05:03PM (1 child)
The underlying problem is securing female voters. Nothing more. Nothing less.
(Score: 0) by Anonymous Coward on Wednesday October 03 2018, @06:00PM
It's tragicomic.
The Democratic Party is increasingly unappealing to the working class, including women. This explains why 53% of white women would vote for Donald Trump. However, with the Republican Party pulling out all the stops in alienating women of all social classes, the Democratic Party has no incentive to appeal to working class women. I suppose we shall see if appealing to upper-class women juxtaposed with the Republican Party shitshow is an effective way for the Democratic Party to secure votes from women in general when we look at exit polls later in November.