All-male boards are banned under a new California law. What do Philly’s boards look like?
By the end of 2019, publicly held corporations headquartered in California must by law have at least one female board director as a result of a bill signed Sunday by Gov. Jerry Brown in an effort to address gender gaps in corporate leadership.
Should the law survive what Brown admitted are “serious” legal challenges, California will be the first state in the country to require such representation, according to the Los Angeles Times, which reported that under the law, companies that don’t comply face hundreds of thousands of dollars in potential fines. The law requires some companies — depending on board size — have at least three female board members by the end of 2021.
Continue reading on Philly.com