The California Legislature has passed a bill to require large corporations with base operations in the state to put more female directors on their boards. Democrat Senators Hannah Beth Jackson’s and Toni Atkins’ gender quota bill is illegal, and most definitely a precursor of negative outcomes, as recent history shows.
IfSenate Bill 826is signed into law by Democrat Gov. Jerry Brown, publicly traded companies based in the state, and with operations located in other states, will need to have at least one woman on their boards by the end of next year and, on boards of five or more directors, and two or three women by the end of 2021. Companies found violating the law would face fines.
Lawmakers who are not industry leaders never truly understand downstream consequences of regulations… nor do they seem to care. The bill is also a violation of the U.S. Constitution and the California Constitution..
Ironically,… Read More