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                                                                                                 U.S. NEWS Monday 1 october 2018






























            California is 1st state to require women on corporate boards




            Continued from Front         many  are  not  getting  the   ta Barbara Democrat said.  served  by  this  level  of  dis-  The law applies to compa-
                                         message.” It is one of sev-  A  fourth  of  publicly  held  crimination.” The California  nies that report having their
            Associated Press             eral  measures  affecting    corporations  with  head-    Chamber  of  Commerce  principal  executive  offices
            SACRAMENTO,  Calif.  (AP)  women  that  Brown  signed     quarters in California don’t  argued  that  the  composi-  in  California.  Companies
            —  California  has  become  Sunday, his last opportunity   have  any  women  on  their  tion  of  corporate  boards  can be fined $100,000 for a
            the  first  state  to  require  to  approve  or  veto  laws   boards  of  directors.  These  should  be  determined  in-  first  violation  and  $300,000
            publicly traded companies  before  the  term-limited      companies have not done  ternally,  not  mandated  by  for subsequent violations.
            to include women on their  governor leaves office. He     enough  to  increase  the  government. The chamber  The law also requires com-
            boards of directors, one of  also  approved  legislation   number of women on their  said the new law will priori-  panies to report their board
            a  series  of  laws  boosting  requiring smaller employers   boards despite the Legisla-  tize  gender  over  other  as-  composition to the Califor-
            or  protecting  women  that  to  provide  sexual  harass-  ture’s  urging,  making  gov-  pects  of  diversity,  such  as  nia  secretary  of  state  and
            Gov.  Jerry  Brown  signed  ment training and banning     ernment  intervention  nec-  race and ethnicity.          imposes a $100,000 fine if a
            Sunday.                      secret  settlements  related   essary, Jackson said.      “It  creates  a  challenge  company fails to do so.
            The  measure  requires  at  to  sexual  assault  and  ha-  “This is one of the last bas-  for  a  board  on  achieving  Some  European  countries,
            least  one  female  director  rassment.                   tions of total male domina-  broader  diversity  goals,”  including   Norway    and
            on the board of each Cali-   It  comes  as  the  #MeToo   tion,”  she  said.  “We  know  said Jennifer Barrera, senior  France,  already  mandate
            fornia-based public corpo-   movement  against  sexual    that  the  public  and  busi-  vice president for policy at  that  corporate  boards  in-
            ration  by  the  end  of  next  misconduct  led  to  a  reck-  ness  are  not  being  well-  the chamber.           clude women.q
            year.  Companies  would  oning  nationwide  that  has
            need up to three female di-  ousted  men  from  power.
            rectors by the end of 2021,  The  latest  high-profile  al-
            depending on the number  legations  are  against  Su-
            of board seats.              preme Court nominee Brett
            The  Democratic  governor  Kavanaugh,  who  has  de-
            referenced  the  objections  nied  decades-old  claims
            and  legal  concerns  that  of sexual misconduct from
            the law has raised. The Cal-  three women.
            ifornia  Chamber  of  Com-   The  author  of  the  Califor-
            merce  has  said  the  policy  nia  measure,  SB  826,  said
            will be difficult for compa-  she  believes  having  more
            nies to implement and vio-   women  in  power  could
            lates constitutional prohibi-  help reduce sexual assault
            tions against discrimination.  and  harassment  in  the
            “I  don’t  minimize  the  po-  workplace.
            tential  flaws  that  indeed  Having  more  women  on
            may  prove  fatal  to  its  ul-  corporate  boards  also  will
            timate    implementation,”  make  companies  more
            Brown  wrote  in  a  signing  successful,  state  Sen.  Han-
            statement.  “Nevertheless,  nah-Beth    Jackson    said.
            recent  events  in  Washing-  Women  tend  to  be  more
            ton,  D.C.  —  and  beyond  collaborative and are bet-
            — make it crystal clear that  ter at multitasking, the San-
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