WebApr 5, 2024 · California will now require more diversity on company boards People from underrepresented communities are defined in the bill as anyone who self-identifies as Black, African American, Hispanic,... In a move that continues California’s push for increased diversity on corporate boards, Governor Gavin Newsom on September 30, 2024 signed into law a bill that requires publicly held companies headquartered in the state to include board members from underrepresented communities. See more AB 979 requires that by the end of 2024 California-headquartered public companies have at least one director on their boards who is from an underrepresented … See more Some legislators and commentators have noted that the bill has potentially fatal issues. We expect AB 979 to be challenged on various constitutional and other grounds. In addition to Equal Protection Clause- … See more Companies that fail to comply will be fined $100,000 for the first violation and $300,000 for each additional violation. Each required director seat not held by a member who meets … See more The law contains a number of open questions, gaps and ambiguities. These include: 1. Are directors of Middle Eastern descent included in the meaning of “director from an underrepresented community”? 1.1. … See more
Corporate Board Diversity: Next Steps for Employers After Court …
WebJun 13, 2024 · This rule instructs boards to treat diversity as one of many important factors in board selection, such as seating board members with disparate viewpoints, … WebOct 14, 2024 · By the end of 2024, companies must have at least two female directors if they have five people on a board, or three women if the corporation has six or more … flights jfk cnf
California Court Rules State Board Diversity Requirement ...
WebMay 19, 2024 · California will appeal a ruling that struck down a law requiring public companies headquartered there to have women to their board of directors, the state’s … WebJun 20, 2024 · A Tale of Two Bills Enacted on September 30, 2024, Senate Bill (“SB”) 826 required public companies that hold their principal executive office in California, including publicly held domestic ... WebDec 5, 2024 · SB 826 required that, by December 31, 2024, all public companies listed on a major exchange and headquartered in California, no matter where they were incorporated, include at least two women on … flights jet2 holidays