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California could require women directors in boardrooms

Bizwomen

 A bill that would mandate women on boards of publicly held companies headquartered in California won approval from the state’s Senate earlier this month. The legislation has until the end of August to clear the Assembly.

The law, SB-826, would require companies have at least one woman on their boards of directors by end of 2019, and two women on five-person boards or three women on six-person boards by 2021 — otherwise facing a fine.

A quarter of California’s 445 publicly traded companies don’t have a single woman in their boardrooms, Calmatters reports. The San Francisco Bay Area, with only 17 percent of directors that are female, has more women on boards than Southern California or the Central Coast and Valley, according to a 2017 Board Governance Research report.

A quarter of California’s 445 publicly traded companies don’t have a single woman in their boardrooms, Calmatters reports. The San Francisco Bay Area, with only 17 percent of directors that are female, has more women on boards than Southern California or the Central Coast and Valley, according to a 2017 Board Governance Research report.

San Francisco county has the largest percentage of women-held board posts statewide, with 21 percent, followed by Santa Clara and San Mateo counties, which both have 16.9 percent. To read full article, click here.

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