Tag: diversity
A Reminder for CA Corporate Boards of Directors of Requirement for Female and LGBTQ Directors
Publicly-traded corporations with their principal executive offices in California are reminded of their legal obligations under two California statutes to have specified individuals on their boards of directors. SB 826, by Sen Hannah Beth Jackson (D-Santa Barbara), enacted in 2018,...
Lawsuit Filed Against CA Over Mandatory Minority Board Seat Minimum Law
The National Center for Public Policy Research think tank filed a lawsuit against the state in a District Court on Tuesday, challenging the new state law that mandates a minimal number of board seats of California headquartered public corporations to...
Judicial Watch Files Lawsuit To Halt California’s Mandatory Board Diversity Law
On Monday, the legal group Judicial Watch announced that they filed a lawsuit in Los Angeles Superior Court to halt a new state law to require a mandatory number of racial minorities on company boards. The Judicial Watch lawsuit against...
Underrepresented Communities Now Required on Corporate Boards Under AB 979
Assembly Bill 979, by Assemblyman Chris Holden (D-Pasadena) was enacted during the 2020 Legislative Session to ensure publicly-traded corporations have individuals on their boards of directors from underrepresented communities. AB 979 was signed into law by Governor Newsom on September...
Senate, Assembly Pass Mandatory Minority Board Member Quota Bill
Earlier this week, a bill that would set up mandatory minority minimums on California company boards of directors narrowly passed in the Assembly and Senate, leaving it a signature away from becoming law. Assembly Bill 979, authored by Assemblyman Chris...
Bill Would Force Companies To Give Board Seats To Minority Candidates
On Tuesday, a bill that would set up mandatory minority quotas on California company board of directors was heavily amended once again as it awaits a hearing in the Assembly. AB 979 minority quota minimums Assembly Bill 979, authored by...