Business: California becomes 1st to Mandate Women on Boards

-Axios

Gov. Jerry Brown yesterday "signed a bill into law that makes California the first state to require corporate boards of directors to include women," per the L.A. Times' Patrick McGreevy: Brown: "Given all the special privileges that corporations have enjoyed for so long, it’s high time corporate boards include the people who constitute more than half the 'persons' in America." "The new law requires publicly traded corporations headquartered in California to include at least one woman on their boards of directors by the end of 2019 as part of an effort to close the gender gap in business." "By the end of July 2021, a minimum of two women must sit on boards with five members, and there must be at least three women on boards with six or more members." "Business groups have questioned the legality of a state imposing such requirements on corporations."