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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: 4, Interesting) by urza9814 on Wednesday October 03 2018, @05:46PM (1 child)
...which seems rather predictable.
The problem is that the people who select board members are seeking certain traits, and for whatever reason (whether it's genetic or cultural) those traits seem more likely to be found among men. You can't just tell companies to hire more women without changing what traits they're looking for, otherwise they're going to hire the outlier women who also have those traits...which doesn't actually help diversity and also isn't going to help the average woman move up at all.
They're trying to conceal symptoms rather than fighting the actual disease...
(Score: 0) by Anonymous Coward on Thursday October 04 2018, @12:35AM
They're far-left liberals. What do you expect? These types always seem to think they can legislate away reality...