#MeToo for the boardroom: California gender diversity law could lead to more women quotas nationally [USA TODAY]
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Source: USA TODAY
#MeToo for the boardroom: California gender diversity law could lead to more women quotas nationally Jessica Guynn USA TODAY In 2013, Hannah-Beth Jackson sponsored a resolution urging corporations in California to add more women to their boards. Yet, despite studies showing that companies with female directors were more profitable and productive, “we weren’t making much progress by asking politely,” the Democratic state senator from Santa Barbara says. So Jackson helped write first-of-its-kind legislation that would require publicly held corporations headquartered in the state diversify their all-male boards. The controversial bill was opposed by more than two dozen business groups, including the California Chamber of Commerce, which argued the quotas were “likely unconstitutional.” Even then-Gov. Jerry Brown was hesitant to sign the bill, citing the many objections and legal concerns. But he signed it anyway in September 2018 as the #MeToo movement raged, and sent a copy to the U.S.
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- 11/12/24 - Form 10-Q
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