California bans all-male boards at public firms!
News by Editorial Team 17 Aug 2020
According to the bill passed by the State Assembly, California’s legislature showed some movement on a proposal that would mandate each publicly held corporation based in the state to have at least one director from an underrepresented community on its board by the end of 2021. While the state’s Assembly passed the bill in January, the Senate made amendments on 28 July, 2020. Now the bill awaits committee action. According to the bill, AB-979 – an underrepresented individual is one who “self-identifies as Black, African American, Hispanic, Latino, Asian, Pacific Islander, Native American, Native Hawaiian, or Alaska Native.