Franchise News
California Becomes First State to Require Women on Corporate Boards
Publicly traded companies must have at least one woman on their boards of directors.
California just became the first state to require publicly traded companies to have women on their boards of directors, according to a Fox Business report.
The measure was signed by California governor Jerry Brown on Sunday and requires the presence of at least one female director on the board of California-based public corporations by the end of 2019, according to the article.
"I don't minimize the potential flaws that indeed may prove fatal to its ultimate implementation," Brown wrote in a signing statement, according to the article. "Nevertheless, recent events in Washington, D.C. — and beyond — make it crystal clear that many are not getting the message.”
Read the full report at Fox Business.
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