Look for California to lose even more businesses by requiring them to have women on their board of directors. My question is who does California think they are to assume a persons gender? Maybe all of the guys running these companies feel like women today
https://techcrunch.com/2018/08/12/california-may-mandate-a-woman-in-the-boardroom-but-businesses-are-fighting-it/?yptr=yahooCalifornia is moving toward becoming the first state to require companies to have women on their boards assuming the idea could survive a likely court challenge.
Sparked by debates around fair pay, sexual harassment and workplace culture, two female state senators are spearheading a bill to promote greater gender representation in corporate decision-making. Of the 445 publicly traded companies in California, a quarter of them lack a single woman in their boardrooms.SB 826, which won Senate approval with only Democratic votes and has until the end of August to clear the Assembly, would require publicly held companies headquartered in California to have at least one woman on their boards of directors by end of next year. By 2021, companies with boards of five directors must have at least two women, and companies with six-member boards must have at least three women. Firms failing to comply would face a fine.
"Gender diversity brings a variety of perspectives to the table that can help foster new and innovative ideas," said Democratic Sen. Hannah-Beth Jackson of Santa Barbara, who is sponsoring the bill with Senate President Pro Tem Toni Atkins of San Diego."It's not only the right thing to do, it's good for a company's bottom line."