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posted by chromas on Wednesday October 03 2018, @04:16PM   Printer-friendly
from the 23%-budget-cuts dept.

California is officially the first state that will try to require companies like Apple, Facebook and Alphabet to add more women to their boards

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.


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  • (Score: 4, Insightful) by Azuma Hazuki on Wednesday October 03 2018, @07:07PM

    by Azuma Hazuki (5086) on Wednesday October 03 2018, @07:07PM (#743578) Journal

    Don't quit your day job for the comedy circuit, pal...

    --
    I am "that girl" your mother warned you about...
    Starting Score:    1  point
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       Insightful=1, Informative=1, Funny=1, Overrated=1, Total=4
    Extra 'Insightful' Modifier   0  
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    Total Score:   4