Tag: California SB 826

California mandates quotas for board gender diversity—will it fuel a movement?

As discussed in this PubCo post from February, a California bill, SB 826, addressing the issue of board gender diversity,  has been making its way through the California legislature. On Sunday, Governor Jerry Brown signed that bill into law.  Interestingly, one factor apparently influential in his decision to sign the bill was the recent hearing in Washington. As you may have heard, the legislation requires, as Brown phrases it, a “representative number” of women on boards of public companies, including foreign corporations with principal executive offices located in California. Will other states now follow suit?  Will corporations incorporated in other states observe its provisions or challenge the application of this California law?